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1. If you create an invoice for Azure Interior with 1 product "Large Desk", and a 15% tax. What are the journal items created?
A) 2 Lines: Product Sales, Account Receivable B) M 2 Lines: Product Sales, Account Payable C) 3 Lines: Product Sales, Tax Received, Account Receivable D) 2 Lines: Product Sales, Tax Received
2. In Odoo, how can you create one invoice for multiple sales orders belonging to the same customer and invoicing address?
A) From the sales order form view, click Create Invoice, then click Include additional invoices and select the appropriate sales orders to invoice. B) From the sales order list view, select multiple sales orders, click Actions > Create invoice(s), check Consolidated Billing, and click Create Draft. C) From the invoice list view, click New, then set the Type field to Batch, and select the appropriate sales orders to invoice. D) Multiple sales orders cannot have one invoice in Odoo.
3. You invoiced a set of wine glasses and cutlery to a customer, but the glasses arrived broken. You want to refund only the glasses. How do you do it?
A) Create an invoice with a negative amount and wire transfer the amount to the customer. B) Bill yourself the glasses and wire transfer the bill amount to the customer. C) Create a credit note from the invoice and remove the cutlery from the credit note’s products, then confirm it.
4. If a bill has two different products with GST, what journal items are created?
A) 2 Payables, 1 Expense, 2 Taxes B) 2 Payables, 2 Expenses, 2 Taxes C) 1 Payable, 2 Expenses, 1 Tax
5. You noticed the wrong account was used for multiple invoices while checking the journal audit report. What is the best way to change the account to the correct one?
A) In the journal item list view, select the entries to change, click on the account, and update it to the correct one. B) Individually reset the impacted invoices to draft, change the account, and confirm. C) Re-create the invoices, selecting the correct account.
6. How do you create financial budgets?
A) First, set up analytical plans and accounts to structure the budget, then create the budget in the balance sheet. B) First, set up analytical plans and accounts to structure the budget, then create the budget from the “Profit & Loss” report and assign an amount to each analytic account. C) Click the budget button on the “Profit & Loss” report, name it, and assign amounts to each account requiring analysis.
7. When is the cost of goods sold (COGS) recognized when using Anglo-Saxon inventory valuation?
A) When the sales order to the customer is confirmed B) When the invoice to the customer is confirmed C) When the purchase order to the vendor is confirmed D) When the vendor bill is confirmed
8. When are Realized Gains/Losses exchange difference entries generated in Odoo?
A) After the payment is registered. B) When a currency rate is updated. C) When an invoice or bill with a foreign currency is created.
9. Which journal handles Annual Closings in Odoo?
A) Miscellaneous journal B) Tax Returns journal C) Annual Closing journal