Answered 0 of 31. Practice questions are not the exam.
1. Which of these is a separate legal entity with its own TRN and its own financial statements?
2. In Zeyto, a branch has its own separate chart of accounts.
3. A trader has two trade licences with two TRNs. What is the safest way to keep their books apart in Zeyto?
4. Which of these does limiting a user to chosen branches restrict?
Select all that apply.
5. What is the base currency?
6. A USD invoice in an AED-based company is posted to the ledgers in AED.
7. Base currency AED. Invoice: USD 2,000 net plus 5% VAT, rate 3.6725. How much VAT is booked, in AED?
8. Where does the posting engine take the company's base currency from?
9. A company wants to change its base currency. When is the safest time?
10. A rate of 3.672500 for USD in an AED company means:
11. Removing a wrong rate in Exchange Rates changes the amounts on invoices already posted at that rate.
12. USD rates on file: 1 Mar 3.6725, 10 Mar 3.6730, 15 Mar 3.6740. Which rate does an invoice dated 12 Mar pick up?
13. There is no rate on or before the date of a foreign-currency invoice. What does Zeyto do?
14. A UAE VAT-registered company issues a tax invoice in USD. Which statements are correct?
Select all that apply.
15. Which three currencies use three decimals?
16. For a currency with a Subunit ratio of 1000, Zeyto expects Decimals to be 3.
17. A user sets Subunit ratio 1000 but Decimals 2 on a currency. What happens?
18. An AED company invoices KWD 1,250.500 at 11.9500 AED per KWD. What is the amount in the ledger?
19. A KWD-based company issues an invoice for AED 1,000.00 at 0.083700 KWD per AED. How are the figures held?
20. A realised exchange difference arises when a foreign-currency invoice is settled at a rate different from the rate it was booked at.
21. A USD 10,000 invoice was booked at 3.6725. The customer's USD 10,000 receipt is posted at 3.6700. What is the result?
22. A supplier bill of USD 4,000 was booked at 3.6725. You pay it at a voucher rate of 3.6650. What is the result?
23. At 31 December a company holds an open USD receivable booked at an older rate. What does Zeyto do about unrealised difference?
24. With the default rounding limit, where do settlement differences of AED 0.01 and AED 0.40 go respectively?
25. Which GCC states have no VAT in force?
26. The standard VAT rate in Saudi Arabia is 5%.
27. In Company Profile you change Country from the UAE to Oman. What happens to Base Currency?
28. Which pairs of GCC country and standard VAT rate are correct?
Select all that apply.
29. A Bahrain shop sells goods for BHD 200.000 net at 10% VAT. What is the invoice total?
30. An approval rule says: Sales Invoice, Document total is more than 50,000. A USD 20,000 invoice is posted. Does the rule trigger?
31. A clerk types 0.2723 as the rate for USD in an AED company instead of 3.6725. What is the likely effect?