Serena Wants to Buy a Pair of Sunglasses

question 46

Short Answer

Serena wants to buy a pair of sunglasses.She decides to buy it from Seekart,an online retail store.Seekart uses an automated system to process its customers' purchases and sends the information to the manufacturer's warehouse,which directly ships the required products to the customers.This system employed by Seekart is called a(n)__________.

---

Definitions:

Supplies

Items used in the operation of a business but not directly related to the production of goods or services, such as office supplies.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered on credit.

Notes Payable

Written agreements in which one party agrees to pay another party a certain sum of money at a future date or on demand.

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.