Home » Microsoft » MB6-703 » Which type of inventory journal should you use?
You need to override the profit and loss account to which the physical inventory is posted in the general ledger.
Which type of inventory journal should you use?
A. Movement
B. Inventory adjustment
C. Transfer
D. Profit and loss
Correct Answer: B
Explanation/Reference:
The Inventory adjustment or Profit/Loss journal is generally used to write-off inventory or to make standard adjustments. It is an inventory adjustment journal for items lost, broken, or just found where item value and quantity must be updated to keep inventory accuracy. This kind of journal automatically applies financial transactions to preset accounts for profit and loss. This journal was known as Profit and Loss journal in earlier versions of AX prior to AX 2012.
