7/13/23, 10:19 PM Odoo 1 - Quiz - Accounting (2)
NAME :
CLASS :
Odoo 1 - Quiz - Accounting (2)
25 Questions DATE :
1. What are new in Odoo version 16?
The amounts are now expressed in both
Activate the digitization of vendor bills the company currency and the origin
A B
and customer invoices separately. currency when viewing info in the
Outstanding Debit section
Total amount is displayed when grouping Total amount is displayed when grouping
C D
items on the Vendor Bills List view items on the Payments List view.
Improve the navigation, interface, and
E readability of the bank reconciliation
extension.
2. In Odoo Accounting, how can you create a new Vendor Bill?
Manually create Bill from Accouting App Automatically create from a Purchase
A B
>> Vendors >> Bills Order
C By uploading a document D By sending an email to an email gateway
3. When you add a line to your Vendor Bill without product, which information is filled
automatically?
By default, the Product’s value comes
By default, the Account’s value comes
A form the prevision related to previous B
from its Journal setting.
purchases.
By default, the Quantity’s value comes
By default, the Quantity’s value equals to
C form the prevision related to previous D
1.
purchases.
By default, the Tax’s value comes from
E
the setting default tax configuration.
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7/13/23, 10:19 PM Odoo 1 - Quiz - Accounting (2)
4. Which account is debited when creating a Vendor Bill for utility bill or Consumable/Service
Product?
A Account Payable B Stock Interim (Received)
C Stock Valuation D Cost of Good Sold
E Outstanding Payments
5. What happens when you choose a product in your Vendor Bill, which information is filled
automatically?
By default, Odoo will take the expense
Odoo takes by default the income
A B account from the product category if it's
account of the product category.
not set in the Product form.
If the product and its product category
Odoo takes the first active income have not set expense accounts, Odoo will
C D
account from the Chart of Accounts. take the Expense account from its
Journal Setting by default.
Odoo cannot validate the bill until the
E
income account is added.
6. Can we select to partial refund when the bill has been paid?
A Yes B No
7. Which configuration is recommended for products used in deferred Expenses?
A Enabled "Can be Purchased" B Enabled "Can be Sold"
C Selected the right Expense Account D Product Type should be "Service"
Control Policy should be "On ordered
E
quantities"
8. Which payment status do we have?
A Not Paid B Fully Paid
C Partially Paid D Invoicing App Legacy
E Reversed
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7/13/23, 10:19 PM Odoo 1 - Quiz - Accounting (2)
9. Look at the picture above, how can we pay for several bills at
once?
Step 1 - By selecting bills to pay Step 2 -
Step 1 - Select bills to pay Step 2 - Click
A B Post all the bills first Step 3 - Click
“Action" >> "Register Payment”
“Action" >> "Register Payment”.
It is not possible to pay these bills
It is not possible to pay these bills
C D because they are required to have
because they are from different vendors.
Bill/Refund date.
10. In Odoo, what is the difference between the Bank Journal and Bank Statements?
The Bank Journal records financial
The Bank Journal is a report generated by
transactions in Odoo, while the Bank
Odoo that you must reconcile with your
A B Statement comes from your bank.
Bank Statements to balance your
Reconciling the two helps you to make
accounts.
sure that your accounting is accurate.
The Bank Journal records financial
transactions in Odoo, while the Bank
C They are the same thing. D Statement is a report that you can
generate from your Bank Account in
Odoo.
11. When using the bank reconciliation tool, what happens if you match a bank statement
line with an existing payment?
It updates the suspense account of the
A It creates a new journal entry B payment and links the entry to the bank
transaction
It does nothing, as the payment already
C
exists
12. How to create Bank Statement Lines in Odoo version 16?
A Import statement lines B Online Synchronization from Bank
Create statement lines from the We cannot create bank statement lines in
C D
conciliation window Odoo version 16
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7/13/23, 10:19 PM Odoo 1 - Quiz - Accounting (2)
13. What are credit values for Account Receivable and Account
Payable?
A 800, 200 B 200, 800
C 800, 20 D 800, 40
14. A payment is registered on May 7th, 2023 for 1000€, how many
item lines are generated after payment is reconciled with the
bank statement on May 8th, 2023? (Company currency: USD)
A 2 B 3
C 4 D Cannot reconcile
15. A payment is registered on May 7th, 2023 for 1000€, what is the
different exchange amount and account used to record that
amount after payment is reconciled with a bank statement on
May 8th, 2023 with 1000€?
- Different - Account: Foreign - Different - Account: Foreign
A B
Amount: 197.37 Exchange Gain Amount: 197.37 Exchange Loss
- Different - Account: Foreign - Different - Account: Foreign
C D
Amount: 197.73 Exchange Gain Amount: 197.73 Exchange Loss
16. What status of Bank Statement after clicking “To Check” button on the reconciliation
form?
A Matched B Draft
C Checked D To Check
17. What is the depreciation value of the asset in the second period?
A 640.0 B 360.0
C 240.0 D 400.0
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7/13/23, 10:19 PM Odoo 1 - Quiz - Accounting (2)
18. How many payments will Odoo create with these selected bills if
we choose group payments?
A 2 B 3
C 4 D 5
E 6
19. When a bill is reconciled with a bank statement, which account will the Suspense Account
in Bank Statment Line be replaced with?
A Account Receivable B Account Payable
C Outstanding Receipts D Outstanding Payments
20. Configuration: Which account is missing in this payment?
A Bank B Account Receivable
C Outstanding Payments D Outstanding Receipts
21. Configuration: Which account is missing in this payment?
A Bank B Account Receivable
C Outstanding Payments D Outstanding Receipts
22. In which cases should we issue a credit note?
A Return of goods or rejection of a service B A mistake on the invoice
C Delivered goods being damaged D Receive goods from vendor
23. What are new for Batch Payment in Odoo 16
Chatter and activities scheduling are now
A B Adjument for batch payment
available for batch payment
C Bank reconciliation with batch payment D Batch Payment with partial payments
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7/13/23, 10:19 PM Odoo 1 - Quiz - Accounting (2)
24. Which option can be enabled in a reconciliation model if I want to allow underpayment?
A Payment Condition. B Allow Underpayment.
C Payment Tolerance.
25. Which following items can be considered as fixed asset
A Pencil B Vehicles
C Laptop D Pantry Foods
E Computer
Answer Key
1. a, b, d, e 2. a, c, d 3. b, d, e 4. d
5. b, d 6. a 7. a, c, d, e 8. a, c, d, e
9. d 10. b 11. b 12. a, b, c
13. d 14. b 15. b 16. a, d
17. c 18. b 19. b 20. a
21. c 22. a, b, c 23. a 24. c
25. b, c, e
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