Invoice Management Quiz
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Questions and Answers

What happens to invoices that have an amount due that’s less than the minimum chargeable amount?

  • They remain in the open status
  • They are automatically voided
  • They are automatically moved to the paid status (correct)
  • They are marked as uncollectible

    • What is the status of an invoice after it has been finalized and sent?

  • Open (correct)
  • Paid
  • Draft
  • Voided

    • What happens when you void an invoice?

  • It is deleted
  • It is marked as uncollectible
  • It remains in the open status
  • It maintains a paper trail (correct)

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