Want to know:
"You have enabled budgetary control and have a control budget set to Advisory control level. For September 2016, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of$2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD. Which two statements are true? (Choose two.)"A. Purchase order encumbrance will be released for $2100 USD.B. As there are cancellations for $400 USD, the system will partially reserve the funds in November 2015 and fully reserve it in December 2015.C. As user is matching to a purchase order, the system will allow the user to create an invoice with the reservation status of Reserved.D. Encumbrance entries are created only for nonmatched Invoices, so the system will not create any encumbrance accounting entries.E. The system always consumes budget of future periods if the limit for the current period is expired, so December 2015 budget will be considered for reservation.
Get a detailed, AI-powered explanation for this question and thousands more on StudyFetch.
Get the Answer for FreeHow StudyFetch Helps You Master This Topic
AI-Powered Answers
Get instant, detailed explanations powered by AI that understands your course material.
Deep Understanding
Go beyond surface-level answers with step-by-step breakdowns and examples.
Personalized Learning
Spark.E adapts to your learning style and helps you connect ideas.
Practice & Test
Turn any question into flashcards, quizzes, and practice tests to solidify your knowledge.
Explore More Questions
- Which of this is not a element in a IP header:A. IdentificationB. Urgent pointerC. Fragment offsetD. Time to Live
- When EIGRP is enabled on a router in named mode, how do you stop interfaces from having EIGRP enabled on the interfaces?
- Which function am i going to use if I want to put today's date in a cell ?