Matching
Match each item with the correct statement below.
Premises:
Permission to pay later for goods or services
Money and goods or property owned
A document that shows items to be bought and to what address they should be shipped
Financial cost, fee, or charge
A document that shows the vendor name, payment information, and an approval to make the payment
A document that shows charges for goods or services provided to a customer
A document that shows the financial condition of a company as of a specific date
Income, money or other gain received
A document that shows a reduction in the amount owed, such as for returned goods
Debt owed to others
Money used for paying small expenses
A document that shows expected income and expenses for a period of time
Reduction in an amount paid or owed
Money earned on an investment or paid on money that is borrowed
Responses:
budget
revenue
purchase order
petty cash
asset
interest
sales invoice
credit
expense
voucher
discount
liability
credit memo
balance sheet
Correct Answer:
Premises:
Responses:
Permission to pay later for goods or services
Money and goods or property owned
A document that shows items to be bought and to what address they should be shipped
Financial cost, fee, or charge
A document that shows the vendor name, payment information, and an approval to make the payment
A document that shows charges for goods or services provided to a customer
A document that shows the financial condition of a company as of a specific date
Income, money or other gain received
A document that shows a reduction in the amount owed, such as for returned goods
Debt owed to others
Money used for paying small expenses
A document that shows expected income and expenses for a period of time
Reduction in an amount paid or owed
Money earned on an investment or paid on money that is borrowed
Premises:
Permission to pay later for goods or services
Money and goods or property owned
A document that shows items to be bought and to what address they should be shipped
Financial cost, fee, or charge
A document that shows the vendor name, payment information, and an approval to make the payment
A document that shows charges for goods or services provided to a customer
A document that shows the financial condition of a company as of a specific date
Income, money or other gain received
A document that shows a reduction in the amount owed, such as for returned goods
Debt owed to others
Money used for paying small expenses
A document that shows expected income and expenses for a period of time
Reduction in an amount paid or owed
Money earned on an investment or paid on money that is borrowed
Responses:
Related Questions
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A) do
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A) is usually created at
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A) the goods that
Q24: A receiving report shows
A) the goods that
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Q26: A cash flow statement shows $40,000 for
Q27: A balance sheet shows
A) the condition of
Q28: A statement of account
A) lists paid invoices
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