1Z0-1005 Exam Dumps | You entered an invoice of 12,000 and paid it for Office Suppliers. The payment was never received by

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Question 2/37

You entered an invoice of 12,000 and paid it for Office Suppliers. The payment was never received by the
supplier, and you decide to return the entire order. What should you do?

A. Issue a credit memo, which will debit the liability and credit the expense.

B. Cancel the invoice, which debits the liability and credits the expense.

C. Void the payment, which debits cash and credits the liability, and then issue a credit memo, which
debits the liability and credits the expense.

D. Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits
the liability and credits the expense.

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Farzanah - Apr 27, 2020

D. Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits
the liability and credits the expense.

Question 2/37

Recent Comments (The most recent comments are at the top.)

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