Tata Communications SAP MM Consultant Interview Questions and Answers

Chart of accounts is a list of all the general ledger accounts used by an organization to record financial transactions.

• Chart of accounts is a key element in SAP FICO module.

• It defines the structure and organization of the general ledger accounts.

• It helps in categorizing and classifying financial transactions.

• Types of chart of accounts include operating chart of accounts, country-specific chart of accounts, and group c...read more

Movt type 101 is used in consignment process for goods receipt into consignment stock.

• Movt type 101 is used to transfer goods into consignment stock

• It is used when goods are received from vendor but ownership is retained by vendor until goods are withdrawn from consignment stock

• Goods are not valuated until withdrawn from consignment stock

• Example: When a vendor delivers goods to a company's consignment stock, movt type