Invoice Management Quiz
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Questions and Answers

What happens when the amount due for an invoice is less than the minimum chargeable amount?

  • The invoice moves to the paid status (correct)
  • The invoice moves to the void status
  • The invoice moves to the open status
  • The invoice moves to the uncollectible status

    • What is the main purpose of voiding an invoice?

  • To keep a paper trail (correct)
  • To delete the invoice
  • To mark the invoice as paid
  • To mark the invoice as uncollectible

    • What is the terminal status of an invoice?

  • Draft
  • Open
  • Paid (correct)
  • Uncollectible

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