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XYZ Corporation uses Fixed Assets to manage their Asset transactions such as capitalizing, depreciating, adjusting, and

Posted: Sun Jun 11, 2023 3:56 pm
by answerhappygod
XYZ Corporation uses Fixed Assets to manage their Asset transactions such as capitalizing, depreciating, adjusting, and retiring. After assets are purchased and the invoice is entered and accounted for, the company runs the Mass Additions Create process to send assets to Fixed Assets. When the purchase order is written, which account must be specified on the purchase order distribution for the charge account?

A. the material account associated with the inventory organization
B. the AP trade liability account associated with the operating unit
C. the asset cost account associated with an asset category in Assets
D. the asset clearing account associated with an asset category in Assets