You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements

You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statementsReference https://fusionhelp.oracle.com/helpPortal/topic/Topicld_P_A87306EB5A7752DFE040D30A68817FB2

Question:

You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements

Options:

For period end accruals, accounting is created at material receipt or at delivery to a final destination.

For period end accruals, the invoice accounting debits the expense account and credits the liability account.

For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.

For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.

Correct Answer

The Correct Answer for this Question is

For period end accruals, the invoice accounting debits the expense account and credits the liability account.
For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.