Oracle
1Z0-520 · Question #60
Consider the following scenario for inventory item A: 1) Standard Cost $10 Purchase Order Line Price: $12, Purchase Order Line Quantity: 10 2) Receipt Routing: Direct Delivery You created a receipt…
The correct answer is B. Debit Material Account $80; Credit Inventory AP Accrual Account $96. See the full explanation below for the reasoning.
Question
Consider the following scenario for inventory item A: 1) Standard Cost $10 Purchase Order Line Price: $12, Purchase Order Line Quantity: 10 2) Receipt Routing: Direct Delivery You created a receipt of 8 units for item A. Which option correctly describes the effect on different accounts?
Options
- ADebit Material Account $80; Credit Inventory AP Accrual Account $96;
- BDebit Material Account $80; Credit Inventory AP Accrual Account $96;
- CDebit Material Account $80; Credit Inventory AP Accrual Account $80;
- DCredit Material Account $80; Debit Inventory AP Accrual Account $96;
- EDebit Material Account $96; Credit Inventory AP Accrual Account $96;
How the community answered
(37 responses)- A11% (4)
- B81% (30)
- D5% (2)
- E3% (1)
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