If a Company Receives a Larger Quantity of Goods Than

question 52

Multiple Choice

If a company receives a larger quantity of goods than had been ordered and keeps the excess for future use,a(n) ______________ is prepared to notify the vendor of the amount of increase to accounts payable in the invoice.

• A)credit memorandum
• B)return shipping order
• C)debit memorandum
• D)additional purchase order

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Definitions:

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driven by needs, desires, and aspirations.

Statutory Close Corporation Supplement

Specific legislation that applies to a closed corporation, offering a simplified corporate structure for small businesses.

Shareholder Agreement

A contract among the shareholders of a company that specifies their rights, privileges, protections, and obligations.

Bylaws

The rules and regulations adopted by an organization or community to govern its actions and procedures.