A Document Authorizing a Cash Payment Is A(n)

question 47

Multiple Choice

A document authorizing a cash payment is a(n) :

• A)check.
• B)invoice.
• C)voucher.
• D)bill of lading.

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Definitions:

Service Company

A business that provides intangible products (services) to consumers, as opposed to selling physical goods.

Inventory Shrinkage

The loss of products between purchase and sale due to theft, damage, or errors, resulting in lower inventory levels than recorded.

Managers

Individuals responsible for controlling or administering all or part of a company or similar organization.

Periodic Inventory

a system of inventory management where updates to inventory levels are made at specific intervals, usually at the end of an accounting period.