A Document That Is Used to Describe and Authorize Additions,changes,or

question 17

Multiple Choice

A document that is used to describe and authorize additions,changes,or deletion of sales prices or customer data is called a(n)

• A)uncollectible account authorization form.
• B)journal entry authorization form.
• C)master file change form.
• D)transaction file change form.

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Definitions:

Payable on Demand

A financial term indicating that a debt or other financial obligation is due for payment immediately or whenever the creditor requests it.

Time of Payment

The specific period or date by which payment for goods or services is due or expected.

Fixed Future Time

A specific date or time in the future that is agreed upon for the completion of a transaction or event.

Words of Negotiability

Specific phrases or terms stipulated in a financial instrument that allow it to be transferred or negotiated from one party to another.