Accounts receivable

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

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

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

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

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

Which document describes the Returns Process?

• Quotation

• Credit note

• Debit note

• Sales order

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

• Inquiry

• Quotation

• Sales order

• Billing document

• Credit note

Where can you find IC Invoicing request form?

• Outlook

• SharePoint

• Onedrive

• SAP

• TM5

Which SAP transactions are used in AR Process?(few answers)

• F-43

• F-28

• ME23N

• FBL5N

• FS10N

What is Accounts Receivable?

• Is a current liability account in which a company records the amounts it owes to suppliers or vendors for goods or services that it received on credit.

• Is a current asset account in which a company records the amounts it has a right to collect from customers who received goods or services on credit.