Pass4sure MB3-701 Question Answer

Which condition must be met in order to void a receivables cash receipt?

 

A. The cash receipt must be in the open file.
B. The cash receipt must be fully applied to one or more invoices.
C. The cash receipt must not be posted.
D. The cash receipt must be on hold-

Answer: A

 

 

Which is true when you create a refund check?

A. You must set up a customer/vendor relationship.
B. You must place the Sales document to be refunded on hold.
C. You can only create a refund check to the parent company if the customer is part of a National Account.
D. You must set up customer Electronic Funds Transfer (EFT) information in the Customer Card.

Answer: A