Trust in the Ability of a Service Provider to Do

question 68

True/False

Trust in the ability of a service provider to do a difficult job is called assurance.

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Definitions:

Vouchers Payable

Obligations or debts owed by a company for goods and services that have been received but not yet paid for.

Purchases Discount

A reduction in the price paid for goods, given for early payment according to the terms of purchase.

Voucher Register

A record-keeping system that logs all vouchers issued and paid by a business, detailing payments to suppliers and services.

Date Of Payment

The date the dividend is paid.