CHAPTER 2 Posting Supplier & Customer Transaction

Q1: How do you post purchase data for a supplier invoice in Mr. Accounting?

• A. Go to the Sales Entry section, enter the supplier's name, and save the details.

• B. Navigate to the Purchase Entry section, input supplier and invoice details, and save the transaction.

• C. Open the Payments Section, select the supplier, and pay the invoice.

• D. Enter the supplier information in the Receipts Section and save the transaction.

Q2: How do you post a full payment to a supplier in Mr. Accounting?

• A. Go to the Payments Section, select the supplier and invoice, and enter the full payment amount.

• B. Navigate to the Sales Entry section and record the full payment.

• C. Choose the Purchase Entry section, find the supplier, and mark the invoice as fully paid.

• D. Open the Receipts Section, select the supplier, and confirm the payment.

Q3: What happens when a full payment to a supplier is recorded?

• A. The system keeps the invoice open for future edits.

• B. The invoice is marked as partially paid.

• C. The invoice is marked as fully paid and closed.

• D. The supplier's details are deleted.

Q4: How do you post a partial payment to a supplier?

• A. Open the Payments Section, select the supplier and invoice, and enter the partial payment amount.

• B. Navigate to the Receipts Section and record the partial payment.

• C. Go to the Purchase Entry section, locate the invoice, and input the partial payment.

• D. Choose the Cash Sales section, select the invoice, and save the partial payment.

Q5: How does the system handle a partially paid invoice?

• A. Marks the invoice as fully paid.

• B. Keeps the invoice open with the remaining balance recorded.

• C. Deletes the invoice after saving the partial payment.

• D. Automatically adjusts the invoice to zero.

Q6. What is the first step in posting a Sales Data Entry in Mr. Accounting?

• A. Enter the amount received

• B. Navigate to the Sales Data Entry section

• C. Issue a receipt to the customer

• D. Select the outstanding invoice

Q7. Which detail is required when posting a Cash Sales Entry?

• A. Vendor name

• B. Customer’s payment details and cash received

• C. Outstanding invoice number

• D. Bank account details

Q8. In the process of posting a Receipt from Customer, which section do you need to access in Mr. Accounting?

• A. Sales Data Entry

• B. Cash Sales Section

• C. Receipts Section

• D. Payment Section

Q9. When saving a Sales Data Entry transaction, which information should you verify?

• A. Customer details, product information, and sales amount

• B. Payment method and cash balance

• C. Receipt number and bank account details

• D. Customer's outstanding balance

Q10. What action follows selecting the customer and outstanding invoice in the Receipt from Customer process?

• A. Verify product information

• B. Enter the amount received and confirm the transaction

• C. Enter cash received and issue a receipt

• D. Record the payment method