In: Accounting
Which 3 statements are true about purchase orders in QuickBooks Online?(Select all that apply)
Options | Answers | Explanation |
You can only create purchase orders for inventory | FALSE | No, although while creating the PO, same is entitled as Inventory and Company Preference Tab |
You can close individual lines on a purchase order | TRUE | Yes, |
You can add purchase orders to any type of purchase transaction | TRUE | Yes, Depends upon the Line item of services |
QuickBooks Online closes purchase orders, even when not fully received | FASLE | No, They knock off each line item wise against the delivery and recipt of payment, However one can close them manually |
You can add multiple purchase orders to one purchase transaction | TRUE | Yes, For every line item of service |