Vendor's Invoice Posting Result
3 Questions
2 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the result of posting a vendor’s invoice?

  • Updating the inventory balance
  • Updating the accounts receivable balance
  • Updating the accounts payable balance (correct)
  • Updating the retained earnings balance
  • What impact does posting a vendor’s invoice have on financial statements?

  • Decreases assets and decreases equity
  • Decreases liabilities and increases equity
  • Increases assets and increases equity
  • Increases liabilities and decreases equity (correct)
  • How does posting a vendor’s invoice affect cash flow?

  • Decreases cash flow from financing activities
  • Increases cash flow from investing activities
  • No direct impact on cash flow (correct)
  • Increases cash flow from operating activities
  • More Like This

    Accounting and Financial Reporting Systems
    20 questions
    Tally ERP 9 Quiz
    63 questions

    Tally ERP 9 Quiz

    ExaltingEpiphany2498 avatar
    ExaltingEpiphany2498
    Use Quizgecko on...
    Browser
    Browser