6. In SAP, what document triggers a credit to revenue?
a. Billing document
b. Post goods issue
c. Incoming invoice
d. Goods receipt
6. In SAP, what document triggers a credit to revenue? a. Billing document b. Post goods...
21. Within SAP, when you post an invoice received from a vendor, the general ledger is automatically updated. Which management assertion is most directly enhanced by this? a. Occurrence b. Cutoff c. Completeness d. Authorization
What critical event must take place before goods can be shipped in order to assure payment can be reasonably expected? A. determination of correct delivery address B. credit approval C. receipt of sales order from the customer D. matching of shipping document with sales invoice
What critical event must take place before goods can be shipped in order to assure payment can be reasonably expected? A. determination of correct delivery address B. credit approval C. receipt of sales order from the customer D. matching of shipping document with sales invoice
1. What document does a customer receive when goods are returned? a. purchase order d. receiving report b. credit memo e. bill of lading C. debit memo 2. In order to maintain controls over cash receipts, cash is typically deposited while a bank reconciliation is performed a. daily, weekly b. daily, monthly c. weekly, monthly d. monthly, daily e. weekly, weekly 3. In the cash disbursements cycle, the vendor invoice is marked paid when a check is issued in order...
What document is prepared to request goods or services from a vendor? Select one: a. Remittance advice b. Bill of lading c. Purchase order d. Vendor invoice e. Return request e
In exercise SD18, you posted an issuance of goods to reflect
the inventory that has been shipped. Note the screenshot above. It
is an outbound delivery document for the goods that were issued. A
copy of this document could be printed and included with the
shipment, acting as the packing slip.
If acting as the packing slip accompanying the items
shipped, what data item should be included on the document for
helping the customer process the shipment receipt? Explain by...
SAVE HOMEWORK Revenue Cycle Activities >> Q-7-2. Receive Goods on a Sales Return Which of the following statements is true concerning the process of recording a sales return? Please add checkmark next to the correct answers). 1 The accounts receivable subsidiary records are updated at the time the Sales Transaction Entry Window is posted. 2 The credit to accounts receivable is recorded at the time the Sales Transaction Entry Window is posted. 3 The Sales Transaction Entry Window is used...
34 What is remittance advice for? A To indicate lemow pald B. Ta identity good received c. To vice remittances received D. for notification of goods dise d What is the purpose of purchase inwolce? A. To claim back the VAT To identify the pods bought c. To record how much is cwed to the creditor D. To record how much is owed to the debtor (A) ab and conly C band only D) a and only wly follow In...
4.3 MILLION A.
4.6 MILLION B.
5.6 MILLION C.
5.4 MILLION D.
SAP Inc. received a $1.5 million grant under its Small Business Innovation program. SAP invested the grant money and developed a system to remove metal contaminants from storm water in shipyards. The firm estimates that each shipyard spends $400,000 a year on storm water clean-up efforts. If SAP is able to sign up and retain four shipyards in the first year onwards, what is the present value (PV)...
Before a shipping notice is prepared during the revenue cycle, shipping department personnel should match the inventory received from the warehouse to the A picking tickets. B sales order and bill of lading. C picking ticket and sales order. D sales order. Usually the supplier will give the buyer permission to correct the invoice for any discrepancies in quantity. In the case of damaged or poor-quality goods, a document called a(n) ________ is prepared after the supplier agrees to take...