10. Machinery is considered as a financial asset.

True

False

11. Retained earning and shareholder's equity are the part of-

1. Asset

2. Liabilities

3. Equity

1. Goods receipt adjustment is done during payment processing.

1. True

2. False

4. Account determination is done during-

1. Accounts receivable

2. Accounts payable

3. Asset accounting

4. General ledger accounting

14. Procurement plant data includes data on-

1. Shelf time

2. Special handling

3. Environmental requirements

4. All of the above

9. There can be one purchasing organization for all plants.

1. True

2. False

6. Revenue enhancement is an objective of financial accounting.

1. True

2. False