Match the Terms with the Definitions

question 59

Multiple Choice

Match the terms with the definitions.
-A separate ledger containing an individual account receivable for each customer, kept in either alphabetical or numerical order.

• A)accounts receivable ledger
• B)cash discounts
• C)controlling account
• D)credit memo
• E)merchandising business
• F)sale
• G)sales allowances
• H)sales discounts
• I)sales invoice
• J)sales return
• K)sales ticket
• L)schedule of accounts receivable

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Definitions:

Direct Shipping

A distribution method where products are shipped directly from the supplier or manufacturer to the customer, bypassing intermediary storage or handling steps.

Last Mile Delivery

Last Mile Delivery is the final step of the delivery process from a distribution center or facility to the end user, often seen as crucial for customer satisfaction in logistics.

Response Time

The duration it takes for a system or service to react to a given input or request.

Total Logistics Costs

The overall expenses associated with the planning, implementing, and controlling of the movement and storage of goods and services from their point of origin to the point of consumption.