If You Accidentally Posted an Invoice to Fill a Purchase

question 26

Multiple Choice

If you accidentally posted an invoice to fill a purchase order, but never used the purchase order, you might -

• A) leave it - it does not matter
• B) look up the order and adjust it
• C) look up the order and remove it
• D) look up the invoice and pay the amount owing

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Definitions:

Sinking Fund

A fund established by a government or corporation for the purpose of reducing debt by repurchasing bonds or shares.

Maturity

The date on which a debt instrument (such as a bond) is due to be repaid in full.

EAR

The Effective Annual Rate; a measure of the annual return on an investment or loan that takes into account the effect of compounding interest.

Credit Cards

Credit cards are financial tools issued by banks or financial institutions, allowing cardholders to borrow funds within a pre-approved credit limit for purchases or cash advances.