geo 30-40

What must you do when using supplier consignment? Note: There are 2 correct answers to this question. Create consignment storage locations. Create consignment info records. Settle liabilities resulting from consignment stock withdrawals. Settle liabilities resulting from consignment stock receipts.

Which of the following are features of a subcontracting procurement process? Note: There are 3 correct answers to this question. You can customize the control parameters for the subcontracting item category. You can have subcontracting purchase requisitions created by MRP. You can maintain the components to be provided in a bill of material. You can assign a subcontracting order item to an account. You can post a non-valuated goods receipt for a subcontracting order item.

Which of the following steps can be part of a subcontracting process? Note: There are 3 correct answers to this question. Purchase components for direct delivery to the subcontractor. Invoice the subcontractor for consumed components. Create a sales order for components to be provided. Post subsequent adjustment of component consumption. Create an outbound delivery for components to be provided.

You enter a supplier invoice for a purchase order that has already been delivered. Apart from the purchase order itself, what can you use as a reference? Note: There are 2 correct answers to this question. Goods receipt. Inbound delivery. Delivery note. Bill of lading.

You have agreed on a value contract with a supplier for packaging. The exact materials and their purchase prices are NOT specified until the release orders. Which item category must you use when creating the contract?. W (Material group). M (Material unknown). B (Limit). T (Text).

You create a blanket purchase order for several minor repairs that may occur during the year. Which of the following data must you enter? Note: There are 2 correct answers to this question. An invoicing plan type. An account assignment category. A net purchase order price. An overall limit value.

In which of the following situations can document parking be used? Note: There are 2 correct answers to this question. A goods receipt is posted for an item that needs a quality inspection. An EDI invoice containing variances is received. Account assignment information is missing for an invoice item. Account assignment information is missing for a purchase order item.

Blocking reason Quality is set for an item in an invoice. What could be the reason for this? Note: There are 2 correct answers to this question. Goods-receipt-based invoice verification is NOT used and the item has the Post to Inspection Stock flag set in its material master. Goods-receipt-based invoice verification is used and NO usage decision has been made for the inspection lot for the item. Goods-receipt-based invoice verification is NOT used and NO usage decision has been made for any inspection lot for the item. Goods-receipt-based invoice verification is used and NO goods receipt has been posted for the item.

Which situations lead to an open item on the GR/IR clearing account? Note: There are 2 correct answers to this question. The delivered quantity for a purchase order item is more than the invoiced quantity. The ordered quantity for a purchase order item is more than the delivered quantity. The invoiced quantity for a purchase order item is more than the delivered quantity. The ordered quantity for a purchase order item is more than the invoiced quantity.

In your company, you are posting an invoice with a cash discount amount using the posting gross method. What is the result of this in the system?. The cash discount amount is posted to a cash discount clearing account, which is cleared at the time of payment. The cash discount amount is posted from a cash discount clearing account to the stock account or cost account. The cash discount amount is NOT considered; it is only posted to a cash discount account when the payment is made. The cash discount amount is credited to the stock or cost account.