nerdexam
Microsoft

MB6-702 · Question #60

The encumbrance process is enabled in your Microsoft Dynamics AX environment. A buyer for your organization creates a purchase order for a $10,000 contract with a lawyer who is providing legal…

The correct answer is B. $8,000. You create a purchase order with 35,000.00 in encumbered funds for the expected purchase of computers and related items. You later create and confirm a vendor invoice for a 22,000.00 purchase from a computer vendor. The relieved amount of the encumbrance is 22,000.00 and the…

Set up and Configure the General Ledger

Question

The encumbrance process is enabled in your Microsoft Dynamics AX environment. A buyer for your organization creates a purchase order for a $10,000 contract with a lawyer who is providing legal advice related to a claim. You post an invoice for $2,000 from the lawyer for the cost of his services so far. What is the encumbrance amount for the contract with the lawyer after the invoice is posted?

Options

  • A$2,000
  • B$8,000
  • C$10,000
  • DS12,000

How the community answered

(30 responses)
  • A
    7% (2)
  • B
    73% (22)
  • C
    3% (1)
  • D
    17% (5)

Explanation

You create a purchase order with 35,000.00 in encumbered funds for the expected purchase of computers and related items. You later create and confirm a vendor invoice for a 22,000.00 purchase from a computer vendor. The relieved amount of the encumbrance is 22,000.00 and the remaining amount of the encumbrance is 13,000.00.

Topics

#encumbrance#purchase order commitment#invoice posting#remaining encumbrance calculation

Community Discussion

No community discussion yet for this question.

Full MB6-702 Practice