Question: 1 Why could using AR Items be a good choice for a service company? 2 When a Sales Order is entered, what is effect on

1 Why could using “AR Items” be a good choice for a service company?

2 When a Sales Order is entered, what is effect on the Trial Balance?

3 When a Sales Order is entered what is the effect of the Order on the Inventory Available?

4 When an Order is picked should the Inventory Available change?

5 Why does Sage 300 allow you to enter Shipments even if there are Zero on Hand according to the system?

6 What document would you look at to see if goods are being shipped “Prepaid” or “Collect?”

7 A Customer’s order has been packed and shipped but the Invoice has not yet been created. What would be a valid reason for NOT yet having created the Invoice?

8 Is the Inventory Quantity on Hand units updated if Orders have been entered and then O/E Periodic Processing is run?

9 If a Shipment is entered and Inventory Control Day End Processing is run

a. Only the Inventory Units are updated

b. The Inventory Units and Accounts Receivable are updated

c. The Inventory Units, Accounts Receivable and General Ledger are updated

d. None of the above

Step by Step Solution

3.43 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

1 Digitalization traits and the rapid pace of life have created new conditions for online organizati... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!