Oracle
1Z0-961 · Question #8
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements.
The correct answer is B. For period end accruals, the invoice accounting debits the expenseaccount and credits C. For perpetual accruals, the invoice accounting debits the accrual account and credits the. See the full explanation below for the reasoning.
Question
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements.
Options
- AFor period end accruals, accounting is created at material receipt or at delivery to a final
- BFor period end accruals, the invoice accounting debits the expenseaccount and credits
- CFor perpetual accruals, the invoice accounting debits the accrual account and credits the
- DFor period end accruals, the invoice accounting for inventory items debits receipt
How the community answered
(38 responses)- A16% (6)
- B76% (29)
- D8% (3)
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