The Difference Between Scheduled Receipts and Planned Order Receipts Is

question 60

Multiple Choice

The difference between scheduled receipts and planned order receipts is that ______.

• A)no difference
• B)planned order receipts are for orders already placed,scheduled receipts show quantity that is expected to be received
• C)scheduled receipts are for orders already placed,planned order receipts show quantity that is expected to be received
• D)planned order receipts authorize scheduled receipts

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Definitions:

Subdivision

The act of dividing land into plots or parcels for the purpose of sale or development.

Debit Increases

Debit increases refer to the accounting principle where increases in assets, expenses, and losses are recorded on the debit side of a ledger.

Credit Decreases

In accounting, actions that decrease liabilities or increase assets, typically reflected in the credits column of a ledger.

Account

A record that summarizes financial transactions of a specific type, such as revenue, expenses, assets, or liabilities.