AP Bill Payments: Test Pool (ML-Generated)

  1. What are some scenarios in which you create an AP payment in the system? (Select all correct responses.)
    • You want to pay an AP bill of a particular vendor.
    • You want to generate a payment from one bill or multiple bills of the same vendor.
    • You have received a payment from a customer.
    • You are transferring funds between bank accounts.
  2. What does the Unapplied Balance box in the Summary area of the Checks and Payments form display?
    • The current unapplied balance for the payment
    • The total amount of bills and adjustments for the vendor
    • The total amount of open payments made to the vendor
    • The total amount of finance charges applied to the payment
  3. What does the Pending Print status indicate for an AP check?
    • The check has been taken off hold and needs to be printed.
    • The check is on hold and cannot be printed.
    • The check is balanced and ready to be released.
    • The check is waiting for approval to be printed.
  4. What status is assigned to a payment after a check has been printed for this payment?
    • Printed
    • Rejected
    • Open
    • Closed
  5. What does the Voided status indicate for an AP payment?
    • The payment is canceled and is no longer valid.
    • The payment is put on hold and is awaiting approval.
    • The payment is applied and closed.
    • The payment is processed and is awaiting printing.
  6. On which form can you review a report on checks that have not yet been printed as of a specific date?
    • Checks Pending Printing
    • Process Payments/Print Checks
    • Release Payments
    • Prepare Payments
  7. What can you do on the Prepare Payments form?
    • Select vendor bills for payment and specify payment details
    • Generate bills for vendors
    • Review and approve vendor bills
    • Track the payment history of vendors
  8. Which form is used to release multiple AP payments?
    • Release Payments
    • Prepare Payments
    • Checks Pending Printing
    • Process Payments/Print Checks
  9. What information can you find by using the Check Register form?
    • The printed checks that have been generated in the system
    • The AP payments for a particular vendor
    • The prepayments that have been processed
    • The payroll checks that have been issued