Multiple choice technology packaged enterprise solutions

XYZ Inc uses manual receipts in its application process. They are reviewing the status of the reciept if it requires remittance. Which status would they look for?

  1. A. Approved

  2. B. Confirmed

  3. C. Remitted

  4. D. Cleared
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In manual receipt processing, the 'Confirmed' status indicates that a receipt has been approved and is ready for remittance to the bank. This status comes after initial entry and validation, confirming the receipt is valid and should be included in the next remittance batch.

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