Interbranch Invoices Without Balancing: Test Pool (ML-Generated)

When entering an interbranch invoice on the Invoices and Memos form, what information must be specified in each line of the invoice on the Details tab?

The branch that earned the income for the line
The branch from which the invoice originated
The customer who received the goods or services
The date the invoice was created

Why would a company create interbranch invoices? (Select all correct responses.)

To bill a customer for goods or services provided by another branch of the company
To bill a customer for goods or services provided by multiple branches of the company
To ensure that each branch is responsible for their own invoices
To simplify the accounting process for multiple branches

What happens when you release an invoice that involves branches that do not need to be balanced?

The system generates a regular transaction for the invoice in the general ledger.
The invoice is automatically voided and no transaction is generated.
The branches involved in the invoice are merged into a single branch.
The system generates a transaction in the AP subledger instead of the general ledger.

Suppose that an invoice includes goods from multiple branches that do not require balancing. Which accounts are involved in the generated GL transaction? (Select all correct responses.)

The AR account of the originating branch
The sales account to be used for the transaction
The AP account of the originating branch
The inventory account of the destination branch
The COGS (Cost of Goods Sold) account of the originating branch

What is the purpose of an interbranch invoice?

To bill a customer for services performed by a branch of the company
To track expenses incurred by the originating branch
To transfer funds between branches of the company
To calculate the total revenue generated by the destination branch