Question 9
Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order.
The invoice was entered on 5/5/16, but the invoice accounting date was 4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is dated 5/5/16.
What is causing this?
The actual accounting date was set up under the encumbrance accounting Default Date Rule
The current transaction accounting date was set up under the encumbrance accounting Default Date Rule
The subledger accounting option is set to system date
The system date was set up under the encumbrance accounting Default Date Rule
The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule
Correct answer: B