Match the Items Below by Choosing the Appropriate Code Letter

Multiple Choice

Match the items below by choosing the appropriate code letter .
-Requires a physical count of goods on hand to compute cost of sales.

A) Net sales
B) Cash discount
C) Credit terms
D) Periodic inventory system
E) Gross profit ratio
F) Contra revenue
G) Freight-out
H) Gross profit
I) Sales invoice
J) Business activity statement
K) Input tax credit
L) Purchase discount