Ques:- What is the difference between item category and account assignment in a PO line item and what does it control?
Asked In :-
Enterprise Touch, Techwave Consulting Inc, First American Corporation, Planet Spark, SWAK, i am a housewife, bmw financial services, personiv, fiji airways, tribe consulting pvt ltd,
Right Answer:
The item category in a Purchase Order (PO) line item determines the type of item being purchased (e.g., standard goods, services, or consignment) and controls how the item is processed in the system. The account assignment, on the other hand, specifies how the costs for that item will be allocated (e.g., to a cost center, internal order, or asset) and controls the financial impact of the purchase.
The item category in a Purchase Order (PO) line item determines the type of item being purchased (e.g., standard goods, services, or consignment) and controls how the item is processed in the system. The account assignment, on the other hand, specifies how the costs for that item will be allocated (e.g., to a cost center, internal order, or asset) and controls the financial impact of the purchase.
