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Question 71/100
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?
$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?
