ACC 2010 help A Guide to career/Snaptutorial ACC 2010 help A Guide to career/Snaptutorial | Page 2

None of the above.
Cash discounts from vendors in return for early payment of an invoice
are called:
Sales discounts.
Returns and allowances.
Purchase discounts.
Markdowns.
None of the above.
You can enter information within a lookup field by using one or more
of the following keys:
Type the<+>symbol.
Double-click with the mouse.
a. or b.
Type the invoice number.
None of the above.
Why is it important that your coding system for vendors be consistent
and logical?
All vendors and customers should be identified by 3 digits.
So that others working in your company can determine a vendor code
from the company name.
All the vendors and customer numbers are already set up for
Bellwether Garden Supply so you don't have to worry about it.
All customers and vendors should be identified by the first eight
letters of a company's name.
None of the above
Why is purchase orders used?
To post accounting information.
To place an order with a customer.
To update the accounts payable subsidiary system.
To request items from a vendor.
None of the above.