Tracing Bills of Lading to Sales Invoices Provides Evidence That

question 17

Multiple Choice

Tracing bills of lading to sales invoices provides evidence that:

• A)invoiced sales were shipped.
• B)recorded sales were shipped.
• C)shipments to customers were recorded as sales.
• D)shipments to customers were invoiced.

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Definitions:

Third-Party Beneficiary

A person or entity that benefits from a contract made between two other parties, despite not being a party to that contract themselves.

Delegation

The act of assigning responsibility or authority from one person to another to carry out specific activities, while the original party remains accountable for the outcome.

Delegator's Duty

In the context of delegated tasks, this refers to the responsibility of the individual or party who has transferred a duty to another to ensure the duty is performed appropriately.

Delegator

A party in a contract who transfers his or her duties to perform to a third party who is not a part of the original contract (a delegatee).