When adding a term for installment you must choose: Days From Invoice Date Day of next month Multiple Payment Schedule QUESTION 2 Before adding a vendor to A/P you must select or add: A vendor Invoice A Vendor Tax Group A Vendor Group A Vendor Account Set QUESTION 3 A set of accounts commonly affected by a transaction: O Distribution Set A Distribution Code set An Account Set None of the above QUESTION 4QUESTION 4 While setting up the Tax class you forgot to add the classes for Items. This would result in: O Inaccurate tax calculation O Inaccurate setup of the Tax Authorities Inaccurate setup of the Tax Rates None of the above All of the above QUESTION 5 When reconciling a bank account, a cheque shown on your bank statement means? The payee has cashed the cheque O The cheque has cleared the bank The cheque is not outstanding All of the above None of the Above QUESTION 6 When entering an invoice in A/P you can distribute amounts by: O G/L accounts Distribution sets Distribution codes All of the above None of the aboveA Credit Note from a vendor will: Increase A/P O Decrease A/P Reverse the vendor invoice QUESTION 9 Which Report shows the outstanding A/P invoices? O Aged Trial Balance Report O Aged Batch List Report Aged Payables Report O None of the above QUESTION 10 When Calculate is selected on the Taxes Tab the tax is: Manually entered Automatically entered Distributed All of the aboveQUESTION 7 When Bank and Tax services are activated, you will find them: O In the left pane of the company window under General Ledger Under Common Services Under A/P None of the above QUESTION 8 A Credit Note from a vendor will: O Increase A/P O Decrease A/P Reverse the vendor invoice QUESTION 9 Which Report shows the outstanding A/P invoices? O Aged Trial Balance Report O Aged Batch List Report Aged Payables Report None of the above