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.

Question

Quizplus · Accepted Answer

The creation of a transfer requirement in the warehouse management process does not directly impact the general ledger. Transfer requirements are internal documents used for planning purposes in the warehouse and do not involve financial transactions that would affect the general ledger accounts.

What Is the General Ledger Impact When a Transfer Requirement