Prepayments for Purchase Orders: Test Pool
- What is a prepayment request in Acumatica ERP?
- An internal document that denotes the vendor's request for prepayment (correct)
- A financial document that you send to the vendor for payment (incorrect)
- A document that generates general ledger transactions and changes the vendor balance (incorrect)
- A form that vendors can use to request additional payment for goods or services (incorrect)
- On which form is a prepayment request created?
- Bills and Adjustments (correct)
- Process Payments / Print Checks (incorrect)
- Checks and Payments (incorrect)
- Purchase Receipts (incorrect)
- What is the status of a payment after it has been applied to a prepayment request?
- Closed (correct)
- Balanced (incorrect)
- Paid (incorrect)
- Open (incorrect)
- What happens to the open balance of a bill when the prepayment is applied?
- It is decreased by the balance of the applied prepayment. (correct)
- It remains unchanged. (incorrect)
- It is increased by the balance of the applied prepayment. (incorrect)
- It is refunded to the vendor. (incorrect)
- It is transferred to a different account. (incorrect)
- What action can you take on the Bills and Adjustments
form
to exclude a line from a prepayment?
- Delete the line (correct)
- Select the Do Not Prepay check box for the line (incorrect)
- Adjust the prepayment amount to 0 for the line (incorrect)
- Change the status of the line to Not Prepaid (incorrect)
- Which actions would you take to pay the prepayment? (Select all the correct
responses.)
- Prepare an AP payment on the Checks and Payments form (correct)
- Apply the prepayment to the prepayment request on the Bills and Adjustments form (correct)
- Release the payment and its application on the Release Payments form (correct)
- Manually link the prepayment request with the purchase order on the Purchase Orders form (incorrect)
- Delete the prepayment line from the Bills and Adjustments form (incorrect)