Invoice Status Quiz
3 Questions
1 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 status of an invoice when it has been finalized and is awaiting customer payment?

  • Pending
  • Draft
  • Open (correct)
  • Paid
  • What is the status of an invoice when the customer won't be able to pay the outstanding bill?

  • Open
  • Paid
  • Voided
  • Uncollectible (correct)
  • What is the process for deleting a draft invoice?

  • Void the invoice
  • Mark the invoice as paid
  • Mark the invoice as uncollectible
  • Click the delete button (correct)
  • Study Notes

    • Invoices move through different statuses from the time they’re created to when they’re paid.
    • Draft invoices are still editable and remain unsent.
    • Pending invoices are when the associated payment intent is in the pending state.
    • Open invoices are the invoice has been finalized, and is awaiting customer payment.
    • Paid invoices are when a customer pays for an invoice through Stripe.
    • Voided invoices are when an invoice is void.
    • Uncollectible invoices are when the customer won't be able to pay the outstanding bill.
    • Deleting a draft invoice.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    Test your knowledge of invoice statuses and their meanings, from draft to paid, voided, uncollectible, and deletion.

    Use Quizgecko on...
    Browser
    Browser