Question 1

Which statement is true about Drop Ship and Special Order items?

Options :

A : Can be used for Non-Inventory items for Resale and Inventory items.

B : Items can be marked as both Drop Ship and Special Order,

C : Vendor ships items to customer’s address.

D : Impact Asset and Cost of Goods Sold (COGS) accounts upon item receipt and fulfillment.

Answer: A

Question 2

Which statement is true about Vendor Return Authorizations?

Options :

A : Returning fewer items than what was ordered is allowed.

B :

Once saved, the Vendor Return Authorization is recorded in the register, which is a posting account in the Chart of Accounts.

C : The status on a Vendor Return Authorization is always Pending Return.

D :

Once saved, increasing the quantity or changing the rate creates an improper GL impact and is not recommended.

Answer: A

Question 3

One item on a Return Authorization is damaged and will not be added back into Inventory.

Which Accounting PReference: needs to be enabled to process the Return Authorization?

Options :

A : Write-Off Account for Returns

B : Enforce Minimum Quantity on Return Authorizations

C : Credit in Advance of Vendor Return

D : Allow Overage on Item Receipts

Answer: A

Question 4

A user is trying to bill a Purchase Order for Item A (with a Quantity of 50) and the status is Pending Receipt. However, the Bill button does not appear on the Purchase Order. Only the Receive button shows. Which statement explains this behavior?

Options :

A : The Bill button only appears on Purchase Orders with billing terms.

B : The Bill in Advance of Receipt preference should be enabled.

C : The Advanced Billing feature should be enabled.

D : The Allow Overage on Item Receipt preference should be enabled.

Answer: B

Question 5

Which fields on a Customer record should a user set up to use Electronic Funds Transfer (EFT) for customer payments? (Choose two.)

Options :

A :

Direct Debit

B : Routing Number

C : Bank Account Payment Description

D : Bank Name

E :

Payment File Format

Answer: B,D

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