Computerized Accounting, IN THE CLOUD, Microsoft Dynamics GP 2016 8TH EDITION

1. What is the purpose of the Appendix of your reference text book?

2. Explain the two categories of Error corrections.

3. Give a brief explanation of how errors of the following transaction might be corrected or fixed:

a. credit sales might be corrected after posting

b. Adjust perpetual inventory records

c. To correct an employee error, after the payroll transaction has been posted

d. Receive goods from a purchase order, after it has been posted

e. Correcting a sales invoice after it has been posted.

4. How do you add an inventory item record using the item maintenance Main Window?

5. Give a brief explanation of how to perform the year-end closing procedures. What reports are generated.