Walmart Provides P&G with Access to Sales Information on Every

question 57

True/False

Walmart provides P&G with access to sales information on every item Walmart buys from P&G.The information is collected by P&G on a monthly basis from every Walmart store,and used by P&G to manage the inventory replenishment for Walmart.

---

Definitions:

Ledger Accounts

Records within a ledger that show the transaction history and current balance of each account.

Owner's Drawings Account

An account that tracks the amount of money a business owner withdraws from the company for personal use.

Revenue Accounts

Accounts that record the income generated by a company from its normal business operations or activities.

Liability Accounts

Accounts on the balance sheet that represent obligations or debts a company owes to others.