Q:
A company implements Dynamics 365 Supply Chain Management.

All physical inventory transactions must be posted in the system to ensure accurate audits of each piece of material.

You need to recommend entry types that the company can use for the Inventory journal.

Which three types of entries can the company use? Each correct answer presents a complete solution.

A. Cost elements
B. Cost objects
C. Allocation bases
D. Production input
E. Counting Transfer

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Answer: D,E

Explanation:

This item tests the candidate’s knowledge of inventory and how different inventory journal types can be used.

Production input is a journal entry type that is used when items arrive for production orders. Counting is a journal entry type that lets you correct the current on-hand inventory that is registered for items or groups of items and then post the actual physical count so that you can make adjustments that are required to reconcile the differences. Transfer is a journal entry type that lets you transfer the physical inventory to different locations or sites. Cost elements are entries that are used to categorize and track where costs flow to in cost accounting, Cost objects are entries that can be any type of object that you want to estimate, allocate costs to, or measure directly.

Inventory journals - Training | Microsoft Learn

Inventory journals - Supply Chain Management | Dynamics 365 | Microsoft Learn

Exam MB-920: Microsoft Dynamics 365 Fundamentals (ERP) MCQ

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