INMT 341 Exam 2 Questions with Correct
and Verified Answers
2 questions for "Negotiate Sales Order" - Answer-Can you pay for it? Do I have it?
"Deliver Goods/Services" triggers what two information processes? - Answer-Sale and Invoice
general authorization - Answer-allows you to buy anything within your credit limit
Sales Order - Answer-Customer order that has been credit and inventory checked
When do you close a sales order? - Answer-When you ship the goods and record the bill
What does a sales order become once it is closed? - Answer-Open Invoice
When do you close an open invoice? - Answer-When it is paid for
Packing list - Answer-Tells whats in the box
, Picking list - Answer-Tells what SHOULD BE in the box
Stockout - Answer-Inventory system says we have the item but we don't
Backorder - Answer-Don't have the stock and our inventory system tells us that
Picking slip ideally will match a ____ - Answer-customer order
Shipper/Carrier File - Answer-File about all people that ship goods for me
Bill of Lading - Answer-Legal document between the seller and the shipper
Shipping notice - Answer-message that says items are shipped
You will amend a ____ if there is a stockout. - Answer-picking ticket
Why do we generate a bill? - Answer-Because we shipped the goods
Generate bill happens in the ____ department. - Answer-accounting
What accounts hit the general ledger? - Answer-Sales and Accounts Receivable
Remittance - Answer-Bottom of the bill
and Verified Answers
2 questions for "Negotiate Sales Order" - Answer-Can you pay for it? Do I have it?
"Deliver Goods/Services" triggers what two information processes? - Answer-Sale and Invoice
general authorization - Answer-allows you to buy anything within your credit limit
Sales Order - Answer-Customer order that has been credit and inventory checked
When do you close a sales order? - Answer-When you ship the goods and record the bill
What does a sales order become once it is closed? - Answer-Open Invoice
When do you close an open invoice? - Answer-When it is paid for
Packing list - Answer-Tells whats in the box
, Picking list - Answer-Tells what SHOULD BE in the box
Stockout - Answer-Inventory system says we have the item but we don't
Backorder - Answer-Don't have the stock and our inventory system tells us that
Picking slip ideally will match a ____ - Answer-customer order
Shipper/Carrier File - Answer-File about all people that ship goods for me
Bill of Lading - Answer-Legal document between the seller and the shipper
Shipping notice - Answer-message that says items are shipped
You will amend a ____ if there is a stockout. - Answer-picking ticket
Why do we generate a bill? - Answer-Because we shipped the goods
Generate bill happens in the ____ department. - Answer-accounting
What accounts hit the general ledger? - Answer-Sales and Accounts Receivable
Remittance - Answer-Bottom of the bill
