After Choosing Quick Add for a New Vendor in a Supplier

question 3

Multiple Choice

After choosing Quick Add for a new vendor in a supplier invoice -

• A)you can open the vendor's ledger record to add the remaining vendor details
• B)there is no ledger record for the new vendor
• C)you will be unable to edit the vendor payment terms for later purchases
• D)the ledger record already contains all details you added to the purchase invoice

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Definitions:

Common Share

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company’s profits via dividends.

Liability

The state of being legally responsible for something, especially in terms of debts or legal obligations.

Corporation's Bylaws

The official rules and regulations that govern the management and operations of a corporation, typically established by its board of directors.

Shareholders' Resolution

A formal decision or expression of opinion made by the shareholders of a corporation, usually made during a shareholder meeting.