Doug Travels Around to Various Established Customers to See What

question 92

Multiple Choice

Doug travels around to various established customers to see what new office supplies they need. His customers have come to depend on him to check their supplies. Doug is a(n)

• A)field order taker.
• B)current customer order getter.
• C)missionary salesperson.
• D)inside order taker.
• E)trade salesperson.

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Definitions:

Customer Refunds Payable

A liability account representing the amount of money owed to customers for the return of goods or dissatisfaction with services provided.

Credit To Inventory

An accounting entry that increases the total value of inventory held by a company, reflecting additions or corrections to stock.

Credit Terms

The conditions under which credit is extended by a seller to a buyer, detailing the repayment period, cash discount, and the due date of payment.

Customer Refunds Payable

A liability account representing amounts owed to customers for returned or unsatisfactory products or services.