In QBO,what Is the Difference Between a Sales Receipt and an Invoice

question 16

Multiple Choice

In QBO,what is the difference between a Sales Receipt and an Invoice?

• A)A Sales Receipt records a sales transaction when the customer pays at the time of sale (when the products or services are provided to the customer).An Invoice is recorded when the product or service is provided to the customer and the customer promises to pay later.
• B)A Sales Receipt records when the product or service is provided to the customer and the customer promises to pay later.An Invoice records a sales transaction when the customer pays at the time of sale when the product or service is provided to the customer.
• C)A Sales Receipt records a sales transaction when the customer pays at the time of sale (when the product or services are provided to the customer).An Invoice records when the product or service is provided to the customer and the customer determines that they are not able to pay.
• D)A Sales Receipt records a sales transaction when the customer pays at the time of sale (when the product or service is provided to the customer).An Invoice is used to record a pending charge to a customer that will occur at a future date.

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Definitions:

Component Cost

The cost associated with each separate element (debt, equity, etc.) that comprises the overall cost of capital for a firm.

Noncallable Bond

A type of bond that cannot be redeemed by the issuer before its maturity date, thus offering investors protection against early repayment risks.

Annual Coupon

The yearly interest payment made to bondholders, expressed as a percentage of the bond's face value.

Bond-Yield-Plus-Risk-Premium

A method of estimating the cost of equity by adding a risk premium to the observed yield of a company’s long-term debt.