Question

Takke Company orders 10 inventory part items on a purchase order. All 10 items are received along with the bill. Takke Company opens a bill form and selects the vendor.

What is the next step?

Select one:

A. Takke should add the items (including quantities) from the purchase order to the bill.

B. Takke should close the bill form, open the purchase order, and select Create Bill.

C. Takke should manually enter the items and quantities received in the item details section of the bill.

D. Takke should add the items (without quantities) from the purchase order to the bill. The quantity received should be entered next.

Answer 1

Ans

Take should add the items (including quantities) from the purchase order to the bill

Reason

1. Validate the Vendor Bill

Once the vendor bill is validated, a journal entry will be generated based on the configuration on the invoice.

1. Pay a bill
2. Printing vendor Checks

1. Reporting
2. Aged payable balance

In order to get a list of open vendor bills and their related due dates, you can use the Aged Payable report, under the reporting menu, (in Reporting ‣ Business Statement ‣ Aged payable) to get a visual of all of your outstanding bills.