Helpdesk-Recons-Escheatment

The process of turning over unclaimed or

abandoned property to a state authority is called?

• Due Diligence

• Vendor Recons

• Factoring

• Escheatment

Unclaimed checks are transferred to state authority after _____ months

• 4

• 5

• 6

• 3

______ is a note/memo indicating the amount owed by a company

• Debit Note

• Credit Note

• Invoice

• Vendor Statement

A note/memo indicating the amount owed to a company is called ______

• Debit Note

• Credit Note

• Invoice

• Vendor Statement

Transaction code used in SAP to get list of invoices processed for respective vendor?

• FBL1N

• MIRO

• FB60

• None

No. of modes that AP team can receive query?

• 2

• 3

• 4

• 1

Helpdesk executive owns end to end responsibility to resolve the query.

• True

• False

• May be

Mowgli & Co. issued a check to Bagheera & co. for $5000 on 12th Feb, 2021. However check is unclaimed till date. What will be the escheatment day?

• 13th Jul, 2021

• 12th Jul, 2021

• 11th Jul, 2021

• 11th Aug, 2021

Baahubali & Co. paid $3240 instead of $2340 to Ballaladeva & Co. Who will issue credit memo and for what amount?

• Baahubali & Co for $900

• Ballaladeva & Co for $900

• Baahubali & Co for $2340

• Ballaladeva & Co for $2340

What is "Due Diligence"?

• efforts made by company to claim the uncashed check

• efforts of supplier to get re-issued check

• efforts made by companies to reunite unclaimed property with the rightful owner

• effort made by state authority to get unclaimed checks