Solved

Match Each Item with the Correct Statement Below

Question 23

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:

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
Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents