Invoice Prepayments: Test Pool (ML-Generated)
- Which form is used to create and process a prepayment?
- Payments and Applications
- Invoices and Memos
- Sales Orders
- Purchase Orders
- 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.
- What form can be used to release multiple prepayments in Acumatica ERP?
- Release AR Documents
- Payments and Applications
- Invoices and Memos
- 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.
- 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.