To Reverse a Sales Invoice for Selecting the Wrong Customer

question 7

Multiple Choice

To reverse a sales invoice for selecting the wrong customer, you should -

• A) open the adjusting sales invoice window and choose the reverse entry tool
• B) open the receipts journal and pay the invoice to cancel it
• C) open the adjusting sales invoice window and edit the customer name (choose the correct customer)
• D) make a general journal adjustment that reduces Accounts Receivable and the revenue accounts for the invoice amount

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Definitions:

Target Company

A business entity identified as a potential acquisition or partnership candidate by another company or investor.

Verbal Pauses

Breaks in speech that are often used to gather thoughts or to emphasize a point.

Personal Information

Data relating to an individual, including details such as name, address, and contact information, that can be used to identify them.

Position

A standpoint or perspective adopted by an individual or group, often influenced by opinions or beliefs on a particular issue.