Multiple Choice
Debit card payments in a sales invoice with regular terms of net 30 will -
A) debit the bank account instead of accounts receivable for the full invoice amount
B) credit the bank account instead of accounts receivable for the full invoice amount
C) reduce the bank deposit by the amount of the card transaction fees
D) withdraw the full invoice amount from the customer's bank account in 30 days when the net amount is due
Correct Answer:

Verified
Correct Answer:
Verified
Q16: When customers settle their accounts in full
Q17: When correcting a sales quote error before
Q18: To convert a sales quote to a
Q19: When you pay a purchase invoice after
Q20: Customer deposits (prepayments) are recorded -<br>A) as
Q22: To remove a recurring transaction -<br>A) recall
Q23: When using quotes and orders, Sage 50
Q24: To enter additional information in journal transactions,
Q25: Which of the following general statements is
Q26: If you accidentally posted an invoice to