An Example of an External Document Would Include Which of the Following

question 65

Multiple Choice

An example of an external document would include which of the following?

• A)Vendor invoices.
• B)Customer orders.
• C)Confirmation replies from customers.
• D)All the above.

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Definitions:

Carrying Inventory

The process of holding stock or goods in storage or in transit, with associated costs.

Terms of Sale

The conditions under which a seller will complete a sale, typically specifying the time and method of payment and when the buyer takes possession of the goods.

Credit Period

The duration of time a buyer is given by a seller to pay for a purchase.

Cash Discount

An incentive offered by sellers to encourage buyers to pay their invoice ahead of the due date.