If You Forgot to Add Shipping Details to a Purchase

question 33

Multiple Choice

If you forgot to add shipping details to a purchase invoice, you should -

• A) adjust the invoice to add shipping information
• B) phone the supplier to get the missing information
• C) look up the invoice, choose track shipments and add the shipping details
• D) leave it, you do not need the shipping details

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Definitions:

Round Calculations

The process of adjusting numerical values to a specified degree of precision, often used in financial and statistical analysis to simplify figures.

Machine-Hours

A measure of production time, quantifying the hours a machine is operated in the manufacturing of a good.

Activity Rate

The activity rate is a cost accounting term that refers to the rate at which indirect costs are allocated to products or services based on specific activities.

Activity-Based Costing

An accounting method that assigns costs to products or services based on the activities and resources used in the production or delivery process.