Which of the following errors can be corrected by adjusting a posted payment or receipt -
A) the amount of the payment was entered incorrectly
B) the payment cheque was returned by the bank as NSF
C) the payment was entered for the wrong customer or supplier
D) none of the above - they all require a reversing entry
Correct Answer:
Verified
Q21: Discounts for early payments are offered to
Q22: To record a NSF cheque from a
Q23: The default customer early payment and discount
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Q25: To reverse a sales invoice for selecting
Q27: Which one of the following statements is
Q28: In the Receivables module window, you can
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Q30: Which of the following statements is correct
Q31: A sales journal entry will not balance
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