Explain What You Should Do When Replying to a Claim

question 16

Essay

Explain what you should do when replying to a claim when the customer is at fault.

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Definitions:

Journal Entry

A record in accounting that notes the debit and credit effects of a financial transaction.

Truck Purchase

The acquisition of a truck, which is a capital investment and may be classified as a fixed asset on the balance sheet.

Office Supplies

Items and materials used in offices for daily work activities, including paper, pens, and office equipment.

Office Equipment

Fixed assets that are used in an office environment for the purpose of performing business operations, including computers, printers, and furniture.