Debit card payments in a sales invoice with regular terms of net 30 will -
A) debit the bank account instead of accounts receivable for the full invoice amount
B) credit the bank account instead of accounts receivable for the full invoice amount
C) reduce the bank deposit by the amount of the card transaction fees
D) withdraw the full invoice amount from the customer's bank account in 30 days when the net amount is due
Correct Answer:
Verified
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
Q14: When customers settle their accounts in full
Q15: When you convert a purchase quote to
Q17: When correcting a sales quote error before
Q18: Customer deposits and prepayments to suppliers are
Q19: When correcting a purchase order error before
Q20: Which of the following statements is true
Q21: When using quotes and orders,Sage 50 Accounting
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents