You work as the Accounts Manager for a company.The company uses Microsoft Dynamics 365 Finance for its accounting system.
The company has sold a number of fixed assets.
You plan to enter the Fixed assets transactions in the Free text invoice page in Accounts Receivable.
For free text invoices, the fixed asset transaction type will be which of the following?
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A. B. C. D.A.
The correct fixed asset transaction type for entering fixed asset transactions in the free text invoice page in Accounts Receivable would be C. Acquisition.
When you purchase a new fixed asset, you need to record the transaction as an acquisition in the accounting system. This can be done by selecting the "Acquisition" fixed asset transaction type in the free text invoice page in Accounts Receivable.
The other options listed are:
A. Disposal: This fixed asset transaction type is used when you sell or dispose of a fixed asset.
B. Depreciation: This fixed asset transaction type is used to record the periodic depreciation of fixed assets.
D. Acquisition adjustment: This fixed asset transaction type is used to record adjustments to the acquisition cost of a fixed asset, such as changes to its useful life, salvage value, or other factors that affect its depreciation.
Therefore, in this scenario, the correct fixed asset transaction type for free text invoices in Accounts Receivable would be "Acquisition."