If a Check of the Customer Master Data Shows That

question 73

True/False

If a check of the customer master data shows that the goods requested on a customer order are not in stock, an exception routine called a back order is initiated.

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Definitions:

Current Liabilities

Debts or obligations that are due to be paid within one year or within the normal operating cycle.

Discount

A reduction applied to the regular price of products or services.

Note Payable

A written agreement in which one party promises to pay another party a certain amount of money at a specific future date or on demand.

Credit Balance

A positive amount that represents a sum of money owed to a company in its books.