III. IDENTIFICATION Directions: Identify the term/s being described. 1. It is the inventory system most applicable to sari-sari stores. 2 It is the business document commonly used as the basis of recording in the cash receipts journal. 3. It refers to the number of days from date of purchase that the supplier has given the business to pay its account.

III. IDENTIFICATION Directions: Identify the term/s being described. 1. It is the inventory system most applicable to sari-sari stores. 2 It is the business document commonly used as the basis of recording in the cash receipts journal. 3. It refers to the number of days from date of purchase that the supplier has given the business to pay its account.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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