When customers settle their accounts in full after you enter deposits in the receipts journal -
A) you must pay or mark as paid both the invoice amount and the deposit
B) the net amount owing appears on the invoice line
C) the net amount owing appears on the deposit line
D) the deposit is already taken to reduce the invoice amount owing
Correct Answer:
Verified
Q9: The receipts journal is used for all
Q10: Customer deposits (prepayments)are recorded -
A)as debits to
Q11: To remove a recurring transaction -
A)recall the
Q12: Which one of the following general statements
Q13: The purchase order and the purchase invoice
Q15: When you convert a purchase quote to
Q16: Debit card payments in a sales invoice
Q17: When correcting a sales quote error before
Q18: Customer deposits and prepayments to suppliers are
Q19: When correcting a purchase order error before
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