$$\text { Match each of the following terms } ( a - h ) \text { with the correct definition below. }$$

Short Answer

$$\text { Match each of the following terms } ( a - h ) \text { with the correct definition below. }$$
-Payment arrangements determined by the seller as to when invoices are due and whether early payment discount is offered.
a. Credit terms
b. FOB destination
c. FOB shipping point
d. Periodic inventory system
e. Perpetual inventory system
f. Inventory shrinkage
g. Single-step income statement
h. Multiple-step income statement