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1. A dunning letter issued at the customer business operational-level includes which transactions?
A) Only bill-to-location-level transactions
B) Customer-, account-, AND bill-to-location level transactions
C) Only account level transactions.
D) Only customer-level transactions
2. The AutoCash Rule Set defines the order in which the system will apply the receipt to an open debit Item. Which Autocash Rule is NOT defined in the receivables setup?
A) Clear past due invoices
B) Clear past due invoices grouped by Payment Terms
C) Apply to the oldest invoice first
D) Apply to the latest invoice first
3. The collections Manager wants to see a summary of delinquency data for a specific customer. Which tab will display the summary delinquency data?
A) Profile lab
B) Transactions lab
C) Contacts tab
D) Customer Aging tab
4. Select the valid setup that creates the revenue account distribution in the case of a debit memo reversal.
A) Auto Accounting Rule for revenue line type
B) Revenue account of the original transaction to which the receipt is applied
C) Cash account on the receipt
D) Revenue Account Specified in Debit Memo transaction type
5. What are the three Multiple Receipt Creation Methods available?
A) Standard remittance
B) Lock box
C) Manual receipt creation
D) Automatic
E) Factor remittance
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: A,D,E |
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