Practice, not the exam
Parts, stock and purchasing: practice quiz
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Answered 0 of 28. Practice questions are not the exam.
1. When does a part that is a line of the job card leave the store?
2. Ticking Part taken on the Work tab posts a cost to the books.
3. A proforma invoice is made for a job with parts. What does it do to stock?
4. A restocking credit note is made for an unused part. What happens to the stock and cost?
5. Why is an invoice refused when an item was issued to the job as a material and is later added as a job line?
6. Where is the setting for what happens when a sale is more than the stock?
7. What is the default of When a sale is more than the stock?
8. The store holds 10 units and approved jobs reserve 4. What is Available?
9. Stock is 10, reserved 4, and the setting is Allow it, but warn. A counter sale of 8 is made. What happens?
10. Reserved parts stop a sale even when the setting is Allow it.
11. A part is reserved for a job in which of these states?
Select all that apply.
12. A soft reservation writes a row to the stock ledger.
13. A part with no cost history is sold beyond stock. In what order is it costed?
14. 3 spark plugs sell at 60.00 each and the standard cost is 28.00. What is the cost of sales?
15. Stock is -3 with value -84.00. Then 10 plugs arrive at 300.00 total. What is the new moving average, rounded to two decimals?
16. Which report lists parts sold with no known cost?
17. When the real purchase arrives, a separate adjustment entry is posted to correct the earlier estimated cost.
18. Which kind of use needs no customer approval and stays off customer documents?
19. What is the default of the Shop supplies invoice charge?
20. Shop supplies is set to 5% of labour. Labour is 180.00 net. What is the charge before VAT?
21. A warranty job is never invoiced, so parts used are issued as materials and booked as warranty expense.
22. Which button on the Parts tab buys a part tagged to the job's centre?
23. A supplier's bill for a job arrives after the customer's invoice. What happens?
24. A turbo is bought for 1,800.00 plus 90.00 VAT for a job and later sold on the invoice. What is the job's parts cost for it?
25. What does the Sub-work card record?
Select all that apply.