1Z0-960 · Question #7
Your customer has enabled encumbrance accounting. You have a control budget with the advisory level set at control. For November 2015, your budget for a given combination is $5,000 USD. You have an…
The correct answer is C. As you are matching to a purchase order, the system will allow the user to create an invoice with E. The system always consumes budget of future periods if the limit for the current period is expired. See the full explanation below for the reasoning.
Question
Your customer has enabled encumbrance accounting. You have a control budget with the advisory level set at control. For November 2015, your budget for a given combination is $5,000 USD. You have an approved requisition of $900 USD and you have an approved purchase order of $2,500 USD. An adjustment encumbrance journal is created in the General Ledger for the obligation type for $1,600 USD. You then cancelled the approved PO line of $400 USD. For November 201b, you created a new invoice by matching to the PO for $2,100 USD. Which two statements are true?
Options
- APurchase order encumbrance will be released for $2100 USD.
- BAs there are cancellations for $400 USD, the system will partially reserve the funds in November
- CAs you are matching to a purchase order, the system will allow the user to create an invoice with
- DEncumbrance entries are created only for nonmatched Invoices, so the system will not create any
- EThe system always consumes budget of future periods if the limit for the current period is expired,
How the community answered
(58 responses)- A10% (6)
- B7% (4)
- C79% (46)
- D3% (2)
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