Two-Step Transfers: Test Pool

  1. Why would you create a transfer of the 2-Step type in Acumatica ERP?
    • To record movements of items between warehouses (correct)
    • To track movements of items within the same warehouse (incorrect)
    • To increase the on-hand quantity of items in the source warehouse (incorrect)
    • To decrease the on-hand quantity of items in the destination warehouse (incorrect)
  2. What is the purpose of creating a transfer receipt while you process a two-step transfer?
    • To record the receipt of items in the destination warehouse (correct)
    • To decrease the on-hand quantity of items in the source warehouse (incorrect)
    • To record the issuing of items from the source warehouse (incorrect)
    • To generate a report for the transferred items (incorrect)
  3. What happens when a transfer receipt is released in Acumatica ERP?
    • The on-hand quantity of the items in the destination warehouse increases. (correct)
    • The on-hand quantity of the items in the source warehouse increases. (incorrect)
    • The on-hand quantity of the items in the destination warehouse decreases. (incorrect)
    • The on-hand quantities of the items in both the source warehouse and the destination warehouse increases. (incorrect)
  4. Which documents are included in the two-step transfer process? (Select all the correct responses.)
    • An inventory transfer of the 2-Step type (correct)
    • A transfer receipt (correct)
    • An inventory issue (incorrect)
    • An inventory adjustment (incorrect)
    • A purchase order (incorrect)
  5. What happens when a transfer receipt is created for an item with the FIFO or Specific valuation method?
    • A new cost layer is created with the transferred quantity of the item and with the number and date of the transfer receipt. (correct)
    • The cost of the item in the destination warehouse is adjusted to match the cost of the item in the source warehouse. (incorrect)
    • The transferred quantity of the item is recorded as a separate line item in the inventory account. (incorrect)
    • The transfer receipt is voided and the item remains in transit until a new valuation method is assigned to it. (incorrect)
  6. What does the first step of a two-step transfer involve?
    • Issuing the required quantity of items from a source warehouse (correct)
    • Receiving the items in the destination warehouse (incorrect)
    • Creating an inventory receipt for the transfer (incorrect)
    • Increasing the on-hand quantity of items in the source warehouse (incorrect)
  7. What happens to the on-hand quantity of items in the source warehouse when a two-step transfer is released?
    • It is decreased. (correct)
    • It is increased. (incorrect)
    • It remains unchanged. (incorrect)
    • It may decrease or increase, depending on the destination warehouse. (incorrect)