What Is the General Ledger Impact When a Transfer Requirement

question 70

Multiple Choice

What is the general ledger impact when a transfer requirement is created in the warehouse management process?

• A)Debit GR/IR,credit inventory
• B)Debit inventory,credit COGS
• C)Debit inventory,credit GR/IR
• D)Debit and credit to the inventory account
• E)There is no impact on the GL.

Understand the different types of computer storage and their characteristics.

Recognize the impact of technology on health and the environment.

Differentiate between various computer peripherals and their connectivity options.

Identify the components of a computer system and their functions.

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Definitions:

Indirect Method

A method of presenting the cash flow statement where net income is adjusted for non-cash transactions and changes in working capital to arrive at cash flow from operating activities.

Net Income

The net earnings of a company once all costs and taxes are subtracted from the total income.

Indirect Method

An approach used in cash flow statement preparation that adjusts net income for changes in non-cash accounts to calculate cash from operating activities.

Net Cash Flow

The amount of cash generated or lost over a specific time period, accounting for cash inflows and outflows from operating, investing, and financing activities.