CC Lesson 2

CC Lesson 2

KG

54 Qs

quiz-placeholder

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CC Lesson 2

CC Lesson 2

Assessment

Quiz

Others

KG

Practice Problem

Easy

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54 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

- defined as the step-by-step process of requesting payment from customers by issuing invoices.

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Billing

2.

OPEN ENDED QUESTION

3 mins • 1 pt

Commonly used for transactions that are completed in one go, as documentation.

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OFF

Answer explanation

bill

3.

OPEN ENDED QUESTION

3 mins • 1 pt

is short and less detailed and includes only important details regarding prices and taxation.

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bill

4.

OPEN ENDED QUESTION

3 mins • 1 pt

done at restaurants, pharmacies, beauty salons, or anywhere where you can purchase goods or services in person.

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OFF

Answer explanation

Billing

5.

OPEN ENDED QUESTION

3 mins • 1 pt

describes it as the process of generating invoices for customers on a recurring or one-time basis, depending on the type of pricing plan that a customer has chosen.

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standard accounting definition of billing

6.

OPEN ENDED QUESTION

3 mins • 1 pt

Those credit professionals looking to improve their collection results should begin by looking at the

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billing process

7.

OPEN ENDED QUESTION

3 mins • 1 pt

Billing Document Types

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Answer explanation

Invoice

Pro Forma Invoice

Credit Memo

Debit memo

Returns

Cancellation invoice

Cancellation credit memo.

Invoice List

Credit memo list

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