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Question ID 21227

Which statement is true regarding inventory transactions?

Option A

Transaction reasons can be used in all transaction forms.

Option B

Work in Process would not affect inventory transactions.

Option C

Inventory adjustments are not part of inventory transactions.

Option D

You can designate, by transaction type, which transaction reasons are available.

Option E

You must create at least one user-defined transaction reason for each inventory organization.

Correct Answer A
Explanation


Question ID 21228

ACME requires cycle counting variance approval tolerances and the Approvalrequiredoption is set
to: If out of tolerance.
When the actual count falls within tolerance, Inventory_____

Option A

Automaticallyapproves and posts the cycle count adjustment

Option B

Automaticallyapproves, but does not post the cycle count adjustment

Option C

Holdsthe cycle count adjustment for approval and posts it after approval

Option D

Holdsthe cycle count adjustment for a recount and does not post the adjustment

Correct Answer A
Explanation

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