To record a sales transaction, use the:
A)Create Purchase Order Receive Payment Make Deposit
B)Create Invoices Receive Payment Make Deposits
C)Create Invoices Create Sales Receipts Make Deposits
D)Receive Payment Create Sales Receipts Make Deposits

Question

To record a sales transaction, use the:
A)Create Purchase Order > Receive Payment > Make Deposit
B)Create Invoices > Receive Payment > Make Deposits
C)Create Invoices > Create Sales Receipts > Make Deposits
D)Receive Payment > Create Sales Receipts > Make Deposits

Quizplus · Accepted Answer

To record a sales transaction, first you need to create an invoice for the product or service sold. Once the customer pays, you can then receive the payment and make a deposit into your account. Therefore, the correct sequence is to create invoices, receive payment, and make deposits.

To Record a Sales Transaction, Use The