In a Manual Process,which of the Following Documents Accompanies the Shipment

question 4

Multiple Choice

In a manual process,which of the following documents accompanies the shipment and specifies the items and quantities shipped?

• A)purchase order
• B)picking list
• C)invoice
• D)packing list

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Definitions:

Discount Method

A financial calculation technique used to determine the present value of future cash flows or payments by applying a specific discount rate.

Discount Date

The last day on which a cash discount may be taken. The day on which a note is discounted (sold).

Due Date

The final day an invoice is to be paid. After that day the buyer may be charged interest. Also, the date by which a loan is to be repaid.

Remittance

Amount that a buyer actually pays after deducting a cash discount.