When is the point of escrow verified?

Rescrow knowledge sharing 11 Apr'25

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Professional Development
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Hard
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6 questions
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1.
FLASHCARD QUESTION
Front
Back
Point in time when buyer acknowledges receipt of item or after return policy of 15 days period, whichever is earlier
2.
FLASHCARD QUESTION
Front
At escrow verified status, which entry is correct? Options: Cr Escrow payable to buyer, Dr Escrow payable to seller, Cr Escrow payable to seller, Dr Escrow payable to buyer
Back
Cr Escrow payable to seller
3.
FLASHCARD QUESTION
Front
In a normal order, at which order status can sellers withdraw their escrowed amount? Options: Escrow paid status, Escrow verified status, Order completed status, Order delivered status
Back
Escrow paid status
4.
FLASHCARD QUESTION
Front
Which of the following reports affect S1 GL balance?
(a) Normal receivables (NR)
(b) Escrow verified (EV)
(c) Refund verified (RV)
(d) Escrow adjustment (EA)
(e) Escrow payout completed (EPC)
(f) Wallet movement (WM)
Back
(a), (b), (c) and (d)
5.
FLASHCARD QUESTION
Front
Which of the following is a temporary difference for Mar'25 Snapshot Recon?
Xiao Ming bought a cabinet on Shopee platform. Order paid on 30 Mar'25 and EV on 5 Apr'25
Xiao Mei bought a toy on Shopee platform. Order paid on 27 Mar'25. After received the toy on 31 Mar'25, she requested for a return and refund, without clicking "Order Completed". The order status is pushed to "Return Accepted" and "Refund Verified" on 2 Apr'25.
Xiao Wei bought featured seller package on Shopee platfom. Order paid on 30 Mar'25 and EV on 1 Apr'25.
All 3 options
Back
Xiao Wei bought featured seller package on Shopee platfom. Order paid on 30 Mar'25 and EV on 1 Apr'25.
6.
FLASHCARD QUESTION
Front
An RRBOC order cannot be found in which report(s)? Refund verified (RV), Normal receivables (NR), Escrow adjustment (EA), None of these options (ie. can be found in all 3 reports)
Back
Escrow adjustment (EA)
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