Practice, not the exam
Inventory and costing: practice quiz
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1. Which item type moves quantity and cost when you buy or sell it?
2. Items can be deleted once they have no stock.
3. What is the Base Unit of an item?
4. A BOX holds 12 PCS and the Base Unit is PCS. What is the BOX's Factor to Base?
5. Opening stock debits Inventory. Which account does it credit?
6. Which warehouse type changes how Zeyto behaves?
7. Which costing method keeps one running average per item?
8. On a new install, what is the Negative Stock setting?
9. A stock transfer between warehouses posts an entry to the profit and loss account.
10. In Stock Reconciliation, an empty Counted Qty box means the item is treated as not counted.
11. Which report shows each stock movement document by document with a running balance?
12. Which account holds stock value in the standard chart?
13. You buy 100 units at AED 10 and then 50 units at AED 13. What is the moving-average cost?
14. At an average cost of AED 11.00, you sell 60 units. What cost of goods sold is posted?
15. After that sale you hold 90 units worth AED 990 and buy 30 more at AED 14. What is the new average cost?
16. Purchases of 100 units at AED 10 then 50 at AED 13. You sell 120 units under FIFO. What is the cost?
17. Same purchases, selling 120 units under LIFO. What is the cost?
18. 10 PCS = 1 BOX and 12 BOX = 1 CARTON. How many PCS leave stock when you sell 3 CARTON?
19. Which statements about item types are true?
Select all that apply.
20. Which tracking options exist on an item in Zeyto?
Select all that apply.
21. You post an adjustment: Decrease, 5 pieces, average cost AED 11.75, Reason Damaged. Which entry is posted?
22. The system shows 120 pieces at an average of AED 11.75 and you count 117. What is the Value Effect?
23. A stock adjustment lets you type the cost rate of an Increase line.
24. How does a transfer sent Via Transit reach its destination?
25. Opening 100 pieces at AED 10, a purchase of 50 at AED 13, a sale of 60 pieces and a write-off of 2 pieces (moving average). What is the Inventory account balance?
26. Which are plausible reasons the Stock Balance value and the Inventory ledger balance differ?
Select all that apply.