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NEW QUESTION 20
Three salespersons are assigned to a transaction line with a revenue split of 40:50:10. If you transfer 5% to a new sales person, what is the new revenue split between the four sales persons?

• A. 35: 45 : 5: 5
• B. 38.34 : 48.34 : 8.32 : 5
• C. 40: 50: 5: 5
• D. 38: 47.5: 9.5: 5

Answer: C

NEW QUESTION 21
Debit Memo Reversal is a new receivable that replaces the item closed by the original receipt.
When should the Debit Memo Reversal method be used to reverse a receipt?

• A. You are reversing a Miscellaneous receipt.
• B. You are reversing a receipt that you previously applied to a chargeback and this chargeback has had no activity (another receipt or credit memo or adjustment) against it.
• C. You are reversing a receipt that you previously applied to a chargeback and this chargeback was not accounted.
• D. You are reversing a receipt that you previously applied to a chargeback and this chargeback was posted to your general ledger.

Answer: B

NEW QUESTION 22
Which two are rules applicable to issue of refunds? (Choose two.)

• A. You can issue a credit card refund to a customer who has made a cash payment.
• B. You can refund receipts that were either remitted or cleared.
• C. You cannot refund more than either the original receipt amount or the remaining unapplied amount.
• D. You can refund receipts that are factored.

Answer: B,C

NEW QUESTION 23
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