Merchandising Business
Cash
Receivables
Inventory
Internal Control
100
A reduction in invoice price offered to customers to encourage prompt payment of invoices.
What is a cash discount?
100
True or False: All financial statements look exactly the same.
False
100
On a T account, which side does the debit go on?
The left
100
Do i NEED to have a different User ID if I want to log into IGNITE than the User ID I use for ERAccess.
No
100
What screen do I use to set up New Vehicle Model Codes?
0626
200
What screen do I use to set up a new DOC department?
0956
200
When are dealership financial statements due to the manufacturers?
By the 10th of every month.
200
When setting up a sale account in 0864, what type of account would I use for the Debit account?
Cost of Sale
200
What screen do I set up a User ID in?
Security Maintenance
200
What screen do I set up a new carline code in?
0628
300
What screen in ERAccess do I use to run the DOC?
0422
300
What screen in ERAccess do I use to post a financial statement?
0706
300
Typically, when doing a vehicle sale, the cost of sale for the vehicle is offset with what type of account?
Inventory (Asset) account
300
What key do I press to run the financial statement onscreen?
F3 G/L Summary
300
I can find a listing of parameters and the values with them through which F&I screen?
4750
400
What screen do I use to set up DOC lines?
0960
400
What screen do I use to initially load the financial statement?
0862
400
What is the accounting formula?
A=L+OE
400
I can make a journal entry in IGNITE through what screen?
Accounting Adjustments
400
What screen do I set up gross profit calculations for new vehicle sales?
0885
500
I forgot to add an account to a DOC line. What screen allows me to modify a DOC line so I can add the account?
0960
500
When I try to post my financial statement, it tells me I need to validate it. What screen do I validate my financial statement in?
0959
500
What does CUC stand for?
Count Unit Count
500
What is the spec screen that is only available in F&I Specs? (not available in ODS)
Business Unit Preferences
500
I can set up dealer trade specs through this screen.
0884
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