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Microsoft

MB3-701 · Question #17

You receive a cash payment from a customer before a sales invoice is produced What should you do with the payment?

The correct answer is D. Create a cash receipt, but leave the cash receipt as unapplied until you create the invoice. See the full explanation below for the reasoning.

Question

You receive a cash payment from a customer before a sales invoice is produced What should you do with the payment?

Options

  • AKeep the cash until you create an invoice, but do not create a cash receipt.
  • BCreate a cash receipt and apply to open documents.
  • CReturn the cash to the customer until you create an invoice, but do not create a cash receipt.
  • DCreate a cash receipt, but leave the cash receipt as unapplied until you create the invoice.

How the community answered

(22 responses)
  • A
    5% (1)
  • B
    14% (3)
  • C
    5% (1)
  • D
    77% (17)

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Full MB3-701 Practice