Presented Below Is a List of Terms Relating to Accounting

question 51

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.Imprest techniques
________ 2.Factoring
________ 3.Blanket order
________ 4.Customer audit
________ 5.Cycle billing
________ 6.Professional shoppers
________ 7.Lock-box deposit system
________ 8.Bill
________ 9.Shipping advice
________ 10.Quotation
A.A single order which calls for several shipments to the same customer over a specific period of time
B.The selling of accounts receivable at a discount to a collection agency
C.People hired to purchase goods in a retail environment for the specific purpose of observing the recording of transactions
D.A synonym for "goods issue notice"
E.The processing of accounts receivable,subdivided by alphabet or account number in order to distribute the preparation of statements over the working days of the month
F.A control technique in which an item is held accountable to a specified total amount
G.A procedure in which the customer acts as a control over the initial documentation of a transaction
H.A document sent to a potential customer to inform them of product prices,availability,and delivery information
I.Customer remittances are sent directly to a bank and are credited to a company's account before they are posted to customer accounts
J.Another name for an invoice

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Definitions:

Declaration Of Independence

A document adopted on July 4, 1776, by the Second Continental Congress, declaring the thirteen American colonies independent from British rule.

Treason

The act of betraying one's country, typically by attempting to overthrow the government or collaborating with enemy forces during times of war.

Articles Of Confederation

The first written constitution of the United States, ratified in 1781, which outlined a national government with limited powers and was later replaced by the U.S. Constitution in 1789.

Appalachian Mountains

A mountain range in eastern North America extending from Canada to Alabama, offering significant biodiversity and recreational activities.