Presented Below Is a List of Terms Relating to Accounting

question 71

Short Answer

Presented below is a list of terms relating to accounting information systems,followed by definitions of those terms.
Required: Match the letter next to each definition with the appropriate term.Each answer will be used only once.
________ 1.Remittance list
________ 2.Credit memo
________ 3.Open-item processing
________ 4.Bill of lading
________ 5.Invoice
________ 6.Balance-forward processing
________ 7.Sales order
________ 8.Inquiry
________ 9.Goods issue notice
________ 10.Float
A.Documentation which is forwarded to the billing function to evidence a shipment to a customer
B.Invoice received from a carrier for shipments
C.The time between the signing of the payment check by a customer and the moment the firm has use of the funds
D.A form used to document reductions to a customer's account due to sales returns or allowances
E.A customer's remittances are applied against a customer's outstanding balance rather than against individual invoices
F.A listing of customer payments in cash and by check that is prepared for control purposes
G.A document similar to a quotation that does not contain delivery information
H.A document that informs a customer of charges for goods or services rendered
I.A customer's remittances are applied against individual invoices rather than a customer's outstanding balance
J.A document prepared to initiate the shipment of goods to a customer

---

Definitions:

Deep South

Refers to the southeastern region of the United States, historically known for its agricultural economy, slavery before the Civil War, and enduring racial tensions.

Civil Service Commission

A government agency responsible for overseeing the hiring and promotion of government employees, ensuring fairness and merit-based selection.

Rule of Three

A writing principle that suggests things that come in threes are inherently funnier, more satisfying, or more effective than other numbers of things.

Daughters of the American Revolution

A lineage-based membership organization for women who are directly descended from a person involved in the United States' efforts towards independence.