When You Reverse a Pay Later Invoice That Was Already

question 13

Multiple Choice

When you reverse a pay later invoice that was already paid, Sage 50 Accounting will -

• A) reverse the payment for the invoice automatically
• B) create a credit entry for Accounts Receivable and a credit note for the customer
• C) create a debit entry for Accounts Receivable and a credit note for the customer
• D) warn that the invoice has been paid and you cannot reverse it until you reverse the payment

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Definitions:

Business Enterprises

Organizational entities engaged in commercial, industrial, or professional activities, aiming to generate profits from their operations.

Accountants

Experts who conduct financial analyses or audits in adherence to established procedures.

Economic Events

Transactions or occurrences that have a direct impact on the financial position of a company.

Accountants

Individuals specialized in carrying out audits or analyzing financial statements, following specific methodologies.