The Internal Document That Is Used to Notify the Appropriate

question 66

Essay

The internal document that is used to notify the appropriate person that ordered goods have been received and to describe the quantities and condition of the goods is the ___________________.

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Definitions:

Dividends

Payments made by a corporation to its shareholders out of its profits.

Expenses

Costs incurred in the operation of a business to generate revenue.

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company’s balance sheet.

Journalizing

The process of recording business transactions in the accounting journals as part of the bookkeeping process.