Purchase Returns: Assessment Test Questions

  1. What can you do in Acumatica ERP if any purchased items need to be returned to the vendor?
    • Create and process a purchase return
    • Request a refund directly from the vendor
    • Exchange the purchased items for different products
    • Cancel the purchase order and receive a full refund
  2. Which of the following does a purchase return process include? (Select all the correct responses.)
    • The creation of a purchase return document
    • The specification of the returned items and their quantities in the document
    • The creation of an inventory receipt
    • The adjustment of the customer's balance in the system
  3. On which tab of the Purchase Receipts form can you specify the quantities of items to be returned in a purchase return?
    • Details
    • Billing
    • Other
    • History
    • Landed Costs
  4. Which of the following options can you select to define the cost at which the items will be issued from inventory in a purchase return? (Select all the correct responses.)
    • Original Cost from Receipt
    • Cost by Issue Strategy
    • Manual Cost Input
    • Goods for IN
    • Service
  5. What happens when a purchase return is released?
    • An inventory issue is generated automatically and can be viewed on the Issues form.
    • A credit adjustment is generated automatically and can be viewed on the Bills and Adjustments form.
    • The vendor's balance is increased in the system for the amount of the returned items.
  6. Which of the following does the system copy from the purchase receipt to the purchase return on the Purchase Receipts form?
    • The selected lines of the purchase receipt
    • The reference number of the inventory issue
    • The payment terms and conditions
    • The shipping and delivery details
  7. What must be specified for each item in a purchase return on the Details tab of the Purchase Receipts form?
    • The warehouse from which the items will be issued
    • The status of the related purchase order
    • The option that defines the cost of the item
    • The Ship Via code