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Questions and Answers
The AR Payments and Adjustments program is accessed from the Accounts Payable menu.
The AR Payments and Adjustments program is accessed from the Accounts Payable menu.
False
In the AR Payments and Adjustments program, the customer name is mandatory in the Customer field.
In the AR Payments and Adjustments program, the customer name is mandatory in the Customer field.
True
The payment amount of $2,745.50 is applied to multiple invoices in this scenario.
The payment amount of $2,745.50 is applied to multiple invoices in this scenario.
False
The Withholding Tax Amount is automatically calculated by the system.
The Withholding Tax Amount is automatically calculated by the system.
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The payment narration field is optional in the AR Payments and Adjustments program.
The payment narration field is optional in the AR Payments and Adjustments program.
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The payment is saved but not posted to the ledger.
The payment is saved but not posted to the ledger.
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When processing a post-dated check, the invoice number must be entered in the Journal Notation field.
When processing a post-dated check, the invoice number must be entered in the Journal Notation field.
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The AR Bank Deposit Slip program is used to process customer payments.
The AR Bank Deposit Slip program is used to process customer payments.
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To process a post-dated check, the user must select the invoice before clicking the Post Dated Check button.
To process a post-dated check, the user must select the invoice before clicking the Post Dated Check button.
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The Bank Deposit Detail is required when processing a post-dated check.
The Bank Deposit Detail is required when processing a post-dated check.
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The AR Bank Deposit Slip program is accessed from Accounts Payable > Transaction Processing.
The AR Bank Deposit Slip program is accessed from Accounts Payable > Transaction Processing.
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When selecting report options in the AR Bank Deposit Slip program, the default options can be accepted.
When selecting report options in the AR Bank Deposit Slip program, the default options can be accepted.
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When recording an overpayment, the 'Unapplied payment' option is selected to allocate the payment to a specific invoice.
When recording an overpayment, the 'Unapplied payment' option is selected to allocate the payment to a specific invoice.
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In the AR Payments and Adjustments program, the 'OP' branch field is used to record an underpayment.
In the AR Payments and Adjustments program, the 'OP' branch field is used to record an underpayment.
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When posting an invoice payment, the '04' bank deposit slip detail is used to record a post-dated check.
When posting an invoice payment, the '04' bank deposit slip detail is used to record a post-dated check.
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The 'Gross Amount' field is used to record the total amount of the invoice.
The 'Gross Amount' field is used to record the total amount of the invoice.
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In the AR Payments and Adjustments program, the 'Invoice Number' field is optional when recording an invoice payment.
In the AR Payments and Adjustments program, the 'Invoice Number' field is optional when recording an invoice payment.
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The 'Journal Notation' field is used to record the payment narration and reference number.
The 'Journal Notation' field is used to record the payment narration and reference number.
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