Listed Below Are Five Terms Followed by a List of Phrases

question 47

Multiple Choice

Listed below are five terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term by placing the letter designating the term in the space provided.
-_____ Sale on account to customers.

• A)Credit sales
• B)Sales returns
• C)Sales allowances
• D)Sales discounts
• E)Trade discounts

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Definitions:

Audit Committee

A subset of a company's board of directors that oversees financial reporting and disclosure.

Review And Reconciliation

The process of verifying the accuracy of financial records by comparing two sets of data or accounts to ensure they match.

Internal Auditors

Professionals employed by an organization to perform audits on its operations, systems, and processes to ensure accuracy, compliance, and efficiency.

Shift Supervisors

Individuals responsible for overseeing operations and workers during a specific period or shift within a workplace.