You have created an Autocash Ruleset where the first rule to be applied to receipts is Match
Payments with Invoice.
• Discount = Earned Only
• Late charges = NO
• Receipt = $900
• Receipt date = 14-Feb-2010
• Discount Grace Days = 5
Which Transaction will be applied to the receipt?
A.
Invoice Amount: $800, Payment terms: 10% 10/Net 30, Invoice Date: 01 Feb 2010. Due Date 28-
Feb-2010
B.
Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01 Feb 2010, Due Date: 20-
Feb-2010
C.
Invoice Amount: $1000, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Feb-2010, Due Date:
28-Feb 2010
D.
Invoice Amount: $800, Payment Terms: 10% 10/Net 30, Invoice Date: 01-Fob-2010, Due Date 24-
Feb-2010
Explanation:
Example:
You have the following situation:
Discounts = Earned Only
Finance Charges = No
Receipt = $1800
Receipt Date = 14-JAN-93
Discount Grace Days = 5
Apply Partial Receipts
