Question 1

Using the Inbound Shipment Management feature, what related transaction or transactions recognize inventory?

Options :

A : Ownership Transfer

B : Vendor Bill

C : Inbound Shipment

D : Purchase Order

Answer: B

Question 2

One item on a Return Authorization is damaged and will not be added back into Inventory.Which Accounting PReference: needs to be enabled to process the Return Authorization?

Options :

A : Write-Off Account for Returns

B : Enforce Minimum Quantity on Return Authorizations

C : Credit in Advance of Vendor Return

D : Allow Overage on Item Receipts

Answer: A

Question 3

Which fields on a Customer record should a user set up to use Electronic Funds Transfer (EFT) for customer payments? (Choose two.)

Options :

A :

Direct Debit

B : Routing Number

C : Bank Account Payment Description

D : Bank Name

E :

Payment File Format

Answer: B,D

Question 4

One item on a Return Authorization is damaged and will not be added back into Inventory.

Which Accounting PReference: needs to be enabled to process the Return Authorization?

Options :

A : Write-Off Account for Returns

B : Enforce Minimum Quantity on Return Authorizations

C : Credit in Advance of Vendor Return

D : Allow Overage on Item Receipts

Answer: A

Question 5

Which statement is true about Drop Ship and Special Order items?

Options :

A : Can be used for Non-Inventory items for Resale and Inventory items.

B : Items can be marked as both Drop Ship and Special Order,

C : Vendor ships items to customer’s address.

D : Impact Asset and Cost of Goods Sold (COGS) accounts upon item receipt and fulfillment.

Answer: A

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