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What is the GL Control Account assigned to a storeroom?

What is the GL Control Account assigned to a storeroom?

PrepAway - Latest Free Exam Questions & Answers

A.
A credit account used when manually adjusting the inventory quantity.

B.
A debit account used to track variances in the price, expressed in the vendor’s currency,
between receipt and invoice for this storeroom.

C.
A default account that IBM SmartCloud Control Desk applies to items in the storeroom
during transactions such as issues, returns, receipts, transfers, and adjustments.

D.
An account that tracks changes in either the average price or the standard price from
manual inventory price adjustments. These changes result from using the Adjust Average
Cost and Adjust Standard Cost actions respectively.

Explanation:


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