Quiz 40 (Terms of Payment)
Please answer the following questions correctly to proceed to the next topic.
Quiz 40 (Terms of Payment)
Quiz-summary
0 of 5 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
Information
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
Results
Results
0 of 5 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- Answered
- Review
-
Question 1 of 5
1. Question
What is the importance of the significance of the baseline date during invoice posting?
CorrectIncorrect -
Question 2 of 5
2. Question
During invoice posting, the baseline date is an optional field.
CorrectIncorrect -
Question 3 of 5
3. Question
In the concept of terms of payment, when posting an invoice as “net”, to which account does system post the cash discount?
CorrectIncorrect -
Question 4 of 5
4. Question
If the vendor gives your company the following terms of payment, (7 days, 5% cash discount), (20 days, 2% cash discount), (30 days, due net). An invoice is received from the vendor with an amount of 500 USD on the 10th of July 2019, and payment is made on 19th of July 2019. What will be the net amount paid to the vendor?
CorrectIncorrect -
Question 5 of 5
5. Question
If a purchase order is created in the company’s local currency and vendor sends invoice in foreign currency, if the fixed exchange rate indicator is not checked in the purchase order, which exchange rate will the system use to convert from foreign to local currency?
CorrectIncorrect