Match the Accounting Terms with the Description by Entering the Proper

question 50

Short Answer

Match the accounting terms with the description by entering the proper letter in the space provided.
A. Cost of goods sold H. Purchases account
B. Freight In account I. Purchases discount
C. Purchase allowance J. Purchases journal
D. Purchase invoice K. Receiving report
E. Purchase order L. Sales discount
F. Purchase requisition M. Sales invoice
G. Purchase return N. Schedule of accounts payable
________ 1. A cash discount offered ⁴⁶
________ 1. A cash discount offered to the customer for payment within a specified period, on the books of the buyer
2. A bill received for goods purchased
________ 3. A special journal used to record the purchase of goods on credit
________ 4. A price reduction on a purchase from the amount originally billed
________ 5. A cash discount offered by the supplier for payment within a specified period, on the books of the seller
________ 6. Return to the supplier of unsatisfactory goods
________ 7. A supplier's billing document

Recognize the significance of bit level addressing in timer functionalities.

Distinguish between different types of timer instructions (TON, TOF, RTO) and their applications.

Learn about the reset conditions and functions for different timers.

Understand the concept of cascading and sequencing in timer interconnection.

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Definitions:

Disruptive Strikes

Work stoppages initiated by employees to protest against their employers, with the aim of causing enough disruption to gain bargaining power.

Labor Union Members

Individuals who are part of an organization that represents workers' interests in negotiations with employers regarding wages, work conditions, and rights.

Collective Bargaining

A process of negotiation between employers and a group of employees aimed at reaching agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.

Escalator Clauses

Provisions in a contract that allow for an automatic increase in wages or prices under certain conditions.