When goods are received, the receiving clerk should match the good with_____?          A. The vendor invite and the vendor shipping document          B. The purchase order and the requisition form          C. The vendor shipping document and the purchase order           D. The vendor invite and the purchase order

Q: True or false 1. The sellers and buyers are required to record trade discounts

A: Solution:-1 Introduction:- Trade discount means as follows:- It is deducted at the time procurement…

Q: Which one of the following statements best describes the purpose of a goods despatched note? A It is…

A: The goods dispatch note is prepared by seller, so as to keep the record of goods being dispatched.

Q: If title to merchandise purchases passes to the buyer when the goods are delivered to the buyer, the…

A: FOB shipping point sale: FOB shipping point sale: When the goods are shipped to the buyer, the title…

Q: Which of the following expenses would you regard as part of the cost of goods sold? Select one: O a.…

A: Freight in is included in the cost of material. And cost of material is included in cost of goods…

Q: Which document helps to ensure that the receiving clerks actually count the number of goods…

A: Option b is the answer

Q: What document signals that a company should record thepurchase of goods on account?a. Purchase…

A:

Q: 1. What would a credit manager do if a sales order received caused a customer to exceed its credit…

A: The credit manager should disapprove the sales order as it will increase the collection period…

Q: t happens after the shipping department verifies that the quantities and descriptions of goods…

A: The sale order may be defined as the order which is generated by the seller of the goods to the…

Q: determine the cost of merchandise sold.

A: The cost of merchandise sold is the cost of goods that have been sold by a wholesaler or retailer.…

Q: Goods in transit that are shipped FOB destination should be included O in the inventory of the…

A: The seller sells goods to the buyer which is then shipped to the customer. The shipping company is…

Q: Multiple choice 1. Copies of sales invoice are used to do all of the following except A. Ship the…

A: Sales invoice is a document given to buyer of goods or service. It represents the sale. It includes…

Q: Which of the following is not a characteristic of FOB Destination?A. The seller pays for shipping.B.…

A: FOB (Freight on Board) Destination seems to be a shipping terminology that signifies the seller…

Q: Of the following, select the attribute that would be the best primary key in an inventory table. a.…

A: A primary key in a database is the unique identifier which can identify a particular item anywhere…

Q: When inventory is shipped from the seller to the buyer with shipping terms of FOB destination: O A.…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: Match each document in a voucher system with its description. Document 1. Purchase requisition 2.…

A: Since there are multi sub-parts, we will solve first three for you. To get the remaining sub-parts…