The Document Given to the Supplier Listing the Items to Be

question 8

Multiple Choice

The document given to the supplier listing the items to be ordered is termed a(n) _____________.

• A) purchase requisition
• B) purchase order
• C) invoice
• D) purchasing specification

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Definitions:

Prepaid Insurance

An asset account that represents insurance premiums paid in advance, which are expensed over the period the insurance coverage pertains to.

Accounts Receivable

Funds that customers owe to a company for products or services provided but not yet compensated for.

Accounts Payable

Money owed by a company to its creditors for goods or services that have been received but not yet paid for.

Cash

Money in the form of coins or banknotes, especially that which is available for transactions and accounting purposes.