To Add a Deposit Amount to a Sales Order After

question 2

Multiple Choice

To add a deposit amount to a sales order after recording the order, you would -

• A) reverse the original order and create a new order with the deposit added
• B) bring the order to the screen and adjust it to change the payment method and enter the deposit amount
• C) bring the order to the screen, fill it and add the deposit as a partial payment
• D) you cannot change the payment method so you must enter the deposit in the receipts journal

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Definitions:

Operating Activities

Operating activities are the day-to-day functions of a business related to producing and selling its goods or services, which are reflected in its earnings.

Noncash Financing

Financing activities that do not involve cash flows, such as issuing stock for assets or converting debt to equity.

Investing Activities

Financial transactions related to the acquisition or sale of long-term assets and investments not related to the entity's primary business operations.

Financing Activities

Transactions and events where cash is raised or paid back to finance the company's operations, including issuing debt, equity, and paying dividends.