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Invoice Status Quiz
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Invoice Status Quiz

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Questions and Answers

What is the status of an invoice that has been finalized and awaits customer payment?

  • Draft
  • Pending
  • Open (correct)
  • Paid
  • What can you do to an invoice to mark it as paid, void, or uncollectible?

  • Delete
  • Edit
  • Finalize
  • Mark (correct)
  • What is the status of an invoice that has been voided?

  • Draft
  • Pending
  • Open
  • Voided (correct)
  • Study Notes

    • An invoice's status can be one of draft, paid, voided, or uncollectible.
    • Draft invoices are still editable, but remain unsent.
    • Pending invoices are those that have an associated payment intent in the pending state.
    • Open invoices are those that have been finalized and await customer payment.
    • Paid invoices are those that have been paid by a customer.
    • Voided invoices are those that have been voided.
    • Uncollectible invoices are those that a customer is unlikely to be able to pay.
    • You can mark an invoice as paid, void, or uncollectible.
    • You can delete a draft invoice at any time.

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    Description

    Test your knowledge of invoice statuses and their functionalities with this quiz. Explore the different states of invoices and their implications for business transactions.

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