Debit and Credit Adjustments: Test Pool (ML-Generated)

  1. In what situation does the system automatically create a debit adjustment?
    • When an open AP bill is reversed
    • When the amount you owe to the vendor is increased
    • When a credit adjustment is created
  2. What scenario would require you to create a debit adjustment on the Bills and Adjustments form?
    • You want to decrease the amount you owe to a vendor.
    • You need to increase the amount you owe to a vendor.
    • There is an error in the vendor's purchase settings, and you want to correct it.
    • A vendor’s payment terms need to be adjusted.
  3. What scenario would require creating a credit adjustment on the Bills and Adjustments form?
    • You want to increase the amount you owe to a vendor.
    • You need to decrease the amount you owe to a vendor.
    • There is an error in the vendor's purchase settings, which you need to correct.
    • You want to reverse a bill, which automatically creates a debit adjustment.