Knowledge check

Choose the best response for each of the questions.

Check your knowledge

At Contoso, discrepancies between receipts and invoices are increasing. What should the controller set up to reduce these discrepancies?

Purchasing policies

Three-way matching policies

Vendor invoice policies

Which page should the collections manager at Contoso visit for a centralized view from where accounts receivable collections information is managed?

Collections page

Customer page

Vendor page

What is the role of the revenue and expense deferrals feature in the Subscription billing module?

It recognizes expenses immediately after payment.

It recognizes the entire amount as revenue when receiving it.

It allows for the recognition of revenue and expenses over time, crediting the entire amount to a deferred account upon receipt or payment.

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