1. If you received inventory without a bill, your best option is to

a. Wait until you get the bill

b. Wait and enter the inventory and bill at the same time.

c. Enter the inventory now using Receive Inventory and Enter the bill later when it is received.

d. Enter the bill now and wait for the inventory to be received.

2. Which of the following reports help answer the question " How much inventory do we have right now?"

a. Purchase by items

b. Open purchase orders

c. Inventory Stock Status by Items

d. A/P Aging Detail

3. Purchase orders are tracked in non-posting accounts in the chart of accounts. True or False