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Unit 4 Desktop
Accounts Payable and Receivable
| Question | Answer |
|---|---|
| What is a purchase order | a form used to order merchandise, suplies, or equipment from a business. |
| amounts of money owned by a business to it's supplier for purchases made but not yet paid for is....? | Accounts payable |
| What is a retailer? | a business that sells merchandise in a small quantities to consumers or the general public. |
| what is a Item Invoice | a form used for billing a customer for supplies purchased. |
| what do you do when you recieve a check in payment | you make sure it is for the right amount and then put it in your cashbook and sign you name on the back in pen. |
| what should you always wright a check in | pen, never pencil |
| a bill for a service or services performed is what....? | service invoice |
| what is a commission | a fee earned on a percentage of the sale. |
Created by:
ryannweaver
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