Before Goods Are Shipped on Account to a New Customer,a

question 42

Multiple Choice

Before goods are shipped on account to a new customer,a properly authorized person must

• A)prepare the sales invoice.
• B)approve the journal entry.
• C)approve credit.
• D)verify that the unit price is accurate.

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Definitions:

Closing

The process of completing a transaction or finalizing accounts at the end of an accounting period.

Push Strategy

A marketing strategy that involves taking the product directly to the customer via whatever means, ensuring the customer is aware of your brand at the point of purchase.