In SAP MM ECC6.0, assume the following consumable scenario and answer the question:
. Account Assignment "K" for cost center
. Item category " " (blank) for standard
. Material master is entered in the consumable PO
. PO Quantity 100
. Net Price per unit $50
. No other pricing condition
. 40% distribute to cost center 4100, 60% distribute to cost center 1000
. Item set at GR-Valuated
We received the above Purchase order in full quantity of 100 pc. What are the expected financial and cost accounting postings at invoice verification assuming goods receipt of 100 pc was completed ? (Assume Tax = 10%)
(only one answer)
(A) Accounting document posted with Debit GR/IR Account $5000, Debit Tax Account $500, and Credit Vendor Account (Control Account) $ 5500.
(B) Accounting document posted with Debit Stocks Account $5500 and Credit GR/IR Account $ 5500
(D) Cost Accounting document posted with $2000 for Cost center 1000 and $3000 for Cost center 4100.
(D) Cost Accounting document posted with $2200 for Cost center 4100 and $3300 for Cost center 1000.
(E) None of the above.
. Account Assignment "K" for cost center
. Item category " " (blank) for standard
. Material master is entered in the consumable PO
. PO Quantity 100
. Net Price per unit $50
. No other pricing condition
. 40% distribute to cost center 4100, 60% distribute to cost center 1000
. Item set at GR-Valuated
We received the above Purchase order in full quantity of 100 pc. What are the expected financial and cost accounting postings at invoice verification assuming goods receipt of 100 pc was completed ? (Assume Tax = 10%)
(only one answer)
(A) Accounting document posted with Debit GR/IR Account $5000, Debit Tax Account $500, and Credit Vendor Account (Control Account) $ 5500.
(B) Accounting document posted with Debit Stocks Account $5500 and Credit GR/IR Account $ 5500
(D) Cost Accounting document posted with $2000 for Cost center 1000 and $3000 for Cost center 4100.
(D) Cost Accounting document posted with $2200 for Cost center 4100 and $3300 for Cost center 1000.
(E) None of the above.
Answer: A
ReplyDeleteSince it is a GR-Valuated scenario, both FI and CO were posted at Goods Receipt.
ReplyDeleteAt Goods Receipt, the FI postings are:
. Debit Consumption A/C $5000
. Credit GR/IR A/C $5000
There At LIV, only FI document will be posted.
. Debit GR/IR A/C $5000 (to clear the clearing account)
. Debit Tax A/C $500 (10$ tax)
. Credit Vendor $5500 (including tax)