A Purchase Requisition Is a Common Source Document Used to Facilitate

question 38

Multiple Choice

A purchase requisition is a common source document used to facilitate which business activity?

• A)customer sale
• B)receipt of goods
• C)inventory purchase
• D)purchase request

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Definitions:

Petty Cash

A small amount of cash on hand used for covering minor expenses in a business, such as office supplies or coffee.

Account

A report or description of an event or experience, or the management and arrangement of financial expenditure and receipts.

Commission

A fee or percentage allowed to agents or salespeople for their services.

Salesperson

An individual who sells goods and services to others, aiming to meet customers' needs and ensure satisfaction.