Which tasks must you perform to process a manual payment lot? Note: There are 3 correct answers to this question.

Question

Options

• AEnter the items
• BSet the status to "completed"
• CPost the lot
• DAssign the items to open receivables
• EClose the lot

• A
  94% (33)
• B
  3% (1)
• D
  3% (1)

Explanation

Processing a manual payment lot follows a three-step lifecycle: you must first Enter the items (A) to record the payment data into the lot, then Post the lot (C) to commit those entries to the financial system, and finally Close the lot (E) to mark it as fully processed and prevent further changes.

Why the distractors are wrong:

• B (Set status to "completed") - the status updates automatically as part of the posting/closing workflow; it is not a separate manual task you perform.
• D (Assign items to open receivables) - this describes a clearing/matching step that is optional or handled separately (e.g., during automatic clearing); it is not a required step in processing the lot itself.

Memory tip: Think E–P–C - Enter, Post, Close. Just like finishing any financial document, you enter the data, post it to make it real, and close it to lock it down.

No community discussion yet for this question.