Invoice Prepayments: Test Pool (ML-Generated)

  1. Which form is used to create and process a prepayment?
    • Payments and Applications
    • Invoices and Memos
    • Sales Orders
    • Purchase Orders
  2. In what cases do you create an AR prepayment? (Select all correct responses.)
    • You received a prepayment from a customer without applying it to any outstanding document.
    • You received a prepayment from a customer and need to apply it to AR documents.
    • You received a prepayment from a customer and need to apply it to AP documents.
    • You received a prepayment from a customer and need to apply it to inventory documents.
    • You received a prepayment from a customer and need to apply it to payroll documents.
  3. What form can be used to release multiple prepayments in Acumatica ERP?
    • Release AR Documents
    • Payments and Applications
    • Invoices and Memos
  4. What changes occur in the system when a user releases an AR prepayment that is not applied to any outstanding documents? (Select all correct responses.)
    • The prepayment status is changed to Open.
    • The customer's prepayment balance is increased by the prepayment amount.
    • The prepayment status is changed to Closed.
    • The customer's prepayment balance is decreased by the prepayment amount.
    • A GL batch is generated to update the involved liability accounts.
  5. What changes occur in the system when a user releases an AR prepayment that has been partially applied to documents? (Select all correct responses.)
    • The prepayment status is changed to Open.
    • Any application records are released.
    • A GL batch is generated.
    • The prepayment status is changed to Closed.
    • The balances of the paid documents are increased.
    • The customer's balance is decreased by the paid amount.