When Correcting a Sales Quote Error Before Posting You Should

question 4

Multiple Choice

When correcting a sales quote error before posting you should -

• A)open a new sales quote and enter the correct work
• B)remove the sales quote from the edit menu
• C)select the incorrect field(s)in the journal and input the correct data
• D)re-select from customers list

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Definitions:

Voidable

Voidable refers to a legal status denoting that an agreement or transaction can be affirmed or rejected at the discretion of one of the parties involved.

Ratification

The act of officially approving or confirming an action, agreement, or decision, often after the fact, to make it valid and binding.

Depreciation

The reduction in the value of an asset over time, particularly due to wear and tear.

Ratify

To formally approve or confirm an agreement or treaty, making it officially valid.