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:

Frustrated

Feeling upset or annoyed as a result of being unable to change or achieve something.

Performance

The accomplishment of a task or duty in accordance with a contract, including the delivery of goods or services.

Full Satisfaction

The complete fulfillment or settlement of a debt, obligation, or another requirement.

Possession

The physical holding or control of an object or property, which may or may not be accompanied by legal ownership.