Match Seven of the Terms for Documents and Records (A-K)with

question 8

Multiple Choice

Match seven of the terms for documents and records (a-k) with the descriptions provided below (1-7) :

-A document mailed to the customer and typically returned to the seller with the cash payment.

• A)customer order form
• B)sales order
• C)bill of lading
• D)sales invoice
• E)summary sales report
• F)accounts receivable master file
• G)monthly statement
• H)remittance advice
• I)prelisting of cash receipts
• J)credit memo
• K)uncollectible account authorization form

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Definitions:

Day-To-Day Basis

Refers to activities or operations that are performed on a daily basis, signifying regular, everyday tasks or duties.

EOQ

Economic Order Quantity, a formula used by businesses to determine the optimum order quantity that minimizes both ordering and holding costs.

Microchips

Small semiconductor devices that contain integrated circuits used to perform computing tasks or store data, fundamental components of modern electronics.

Carrying Cost

The total expense associated with holding inventory, including storage costs, insurance, and opportunity costs, among others.