Accounts receivable

Accounts receivable

Professional Development

17 Qs

quiz-placeholder

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Assessment

Quiz

Professional Development

Professional Development

Hard

Created by

Justina Tireviciute

Used 48+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the right order of Sales Process (How Sales Process begins and ends)?

Invoice, Sales order, Quotation, Shipment, Delivery, Packing

Quotation, Sales order, Packing, Shipment, Delivery, Invoice, Payment

Payment, Invoice, Delivery, Shipment, Packing, Sales order, Quotation

Delivery, Quotation, Invoice, Sales order, Packing, Shipment, Payment

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What are the Accounting Entries after Delivery?

Cost of goods - Credit, Inventory - Debit

Bank - Credit, Customer - Debit

Inventory - Credit, Cost of goods - Debit

Taxes - Debit, Customer - Credit

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What are the Accounting Entries when invoice is issued?

Sales - Credit, Taxes - Debit

Sales, Taxes - Credit and Customer - Debit

Customer - Credit and Sales,taxes - Debit

Bank - Credit, Sales - Debit

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What are the Accounting Entries when payment is executed?

Cost of goods - Credit, Bank - Debit

Bank - Credit, Customer - Debit

Inventory - Debit, Sales - Credit

Customer - Credit, Bank - Debit

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is included to full AR Cycle:

Intercompany Invoicing, Incoming and Outgoing Payments Posting, Correspondence/Customer queries, Bank reconciliation

Vendor master data, Customer master data, Intercompany Invoicing, Vendors queries, Payment run;

Intercompany Invoicing, Incoming and Outgoing Payments Posting, Vendors invoices posting

Bank reconciliation, Payments posting, Vendor master data, Invoices processing, Payment run

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which document describes the Returns Process?

Quotation

Credit note

Debit note

Sales order

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When issuing the Debit note which document is issued in SAP first?

Inquiry

Quotation

Sales order

Billing document

Credit note

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