Customer deposits and prepayments to suppliers are similar as -
A) both increase the bank balance and use the same journal
B) both are required when an order is placed
C) both are entered as negative amounts because they reduce the amount owing
D) both reduce the amount owing on the invoice
Correct Answer:
Verified
Q11: When you pay a purchase invoice after
Q12: When correcting a purchase order error before
Q13: If you accidentally posted an invoice to
Q14: To remove a recurring transaction -
A) recall
Q15: The purchase order and the purchase invoice
Q17: When you enter additional information in a
Q18: Customer deposits (prepayments) are entered as -
A)
Q19: The receipts journal is used for all
Q20: Which of the following statements is true
Q21: When a regular account customer makes a
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