Oracle
1Z0-519 · Question #47
ABC company closed the accounting period for the month of October. Their current inventory accounting period is November and all their day-to-day transactions fall under the November period. The…
The correct answer is C. The system would not allow the transaction to be posted because Oct 26th is in a closed period. See the full explanation below for the reasoning.
Question
ABC company closed the accounting period for the month of October. Their current inventory accounting period is November and all their day-to-day transactions fall under the November period. The goods were physically received on Oct 26th, but the details were not entered into the system. On Nov 5th, they found a missing receipt transaction for Oct 26th. The business user tried to enter the missing receipt on Nov 5th with the transaction date of Oct 26th. How would the system respond?
Options
- AThe system would post the transaction with the date of Oct 26th.
- BIf they adjust the closed period tolerances, the system would allow them to post the transaction.
- CThe system would not allow the transaction to be posted because Oct 26th is in a closed period.
- DIf they reopen the inventory accounting period, the system would allow them to post the
- EA warning message would appear because the period is closed. They can override it and post the
How the community answered
(23 responses)- A4% (1)
- B9% (2)
- C70% (16)
- D17% (4)
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