Question 1

Which statement is true about item pricing?

Options :

A : Item pricing only uses Custom Pricing.

B : Item pricing may be set per Item Class.

C : Item pricing may be imported via CSV.

D : Item pricing may be set per Customer Category.

Answer: C

Question 2

Which statement is true about Vendor Return Authorizations?

Options :

A : Returning fewer items than what was ordered is allowed.

B : Once saved, the Vendor Return Authorization is recorded in the register, which is a posting account in the Chart of Accounts.

C : The status on a Vendor Return Authorization is always Pending Return.

D : Once saved, increasing the quantity or changing the rate creates an improper GL impact and is not recommended.

Answer: A

Question 3

One item on a Return Authorization is damaged and will not be added back into Inventory.Which Accounting PReference: needs to be enabled to process the Return Authorization?

Options :

A : Write-Off Account for Returns

B : Enforce Minimum Quantity on Return Authorizations

C : Credit in Advance of Vendor Return

D : Allow Overage on Item Receipts

Answer: A

Question 4

Which accounting impacts result from building an assembly? (Choose two.)

Options :

A : Increase Asset accounts of the Assembly item’s components

B : Decrease Asset accounts of the Assembly item’s components

C : Decrease Cost of Goods Sold account of the Assembly Item

D : Increase Cost of Goods Sold accounts of the Assembly item’s components

E : Increase Asset account of the Assembly Item

Answer: C,E

Question 5

What is the purpose of Consolidated Exchange Rates? (Choose two.)

Options :

A : Consolidated Exchange Rates are used to set up Balance Sheet Accounts.

B : Consolidated Exchange Rates ensure that currency amounts translate properly from child to parent subsidiaries.

C : Consolidated Exchange Rates are used for reporting purposes.

D : Consolidated Exchange Rates are used only when setting up transaction currencies.

E : Consolidated Exchange Rates are used for currency conversion.

Answer: B,C

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