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:

Outer Core

The liquid layer of the Earth's core that lies beneath the mantle and surrounds the inner core, primarily composed of iron and nickel.

Hot Spot

A volcanically active site interpreted to be above an unusually high-temperature region in the deep crust and upper mantle.

Crust Thickness

The measurement of the Earth's outermost layer's depth, varying between the oceanic and continental crusts.

Oceanic Crust

The thin part of Earth's crust that underlies the ocean basins, composed mostly of basalt and denser than the continental crust.