BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What should you check if the balance of the GR/IR account is not zero at the purchase order item level on the balance sheet key date? Choose the correct answers. 2
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Check to see if the goods were invoiced by the key date, but have not yet been delivered.
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Check to see if the goods were produced by the key date, but have not been invoiced.
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Check to see if the goods were delivered by the key date, but have not yet been invoiced.
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Check to see if the goods were ordered by the key date, but have not been received.
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Explanation:
Detailed explanation-1: -What should you check if the balance of the GR/IR account is not zero at the purchase order item level on the balance sheet key date? Check to see if the goods were ordered by the key date, but have not been received.
There is 1 question to complete.