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Match Seven of the Terms for Documents and Records (A-K)

Question 27

Matching

Match seven of the terms for documents and records (a-k) with the descriptions provided below (1-7).

Premises:

Responses:

A document or electronic record indicating the description and quantity of goods sold, the price, freight charges, insurance, terms, and other relevant data.

remittance advice

A list prepared when cash is received by someone who has no responsibility for recording sales, accounts receivable, or cash, and has no access to the accounting records. It is used to verify whether cash received was recorded and deposited at the correct amounts and on a timely basis.

customer order form

A document used internally to indicate authority to write-off an account receivable as uncollectible.

sales invoice

A document for communicating the description, quantity, and related information for goods ordered by a customer. This is frequently used to indicate credit approval and authorization for shipment.

prelisting of cash receipts

A document mailed to the customer and typically returned to the seller with the cash payment.

sales order

A document indicating a reduction in the amount due from a customer because of returned goods or an allowance.

credit memo

A document prepared to initiate shipment of goods, indicating the description of the merchandise, the quantity shipped, and other relevant data. It is a written contract between the carrier and seller of the receipt and shipment of goods.

summary sales report

accounts receivable master file

uncollectible account authorization form

monthly statement

bill of lading

Premises:

A document or electronic record indicating the description and quantity of goods sold, the price, freight charges, insurance, terms, and other relevant data.

A document used internally to indicate authority to write-off an account receivable as uncollectible.

A document for communicating the description, quantity, and related information for goods ordered by a customer. This is frequently used to indicate credit approval and authorization for shipment.

A document mailed to the customer and typically returned to the seller with the cash payment.

A document indicating a reduction in the amount due from a customer because of returned goods or an allowance.

Responses:

remittance advice

customer order form

sales invoice

prelisting of cash receipts

sales order

credit memo

summary sales report

accounts receivable master file

uncollectible account authorization form

monthly statement

bill of lading

Correct Answer:

Premises:

Responses:

remittance advice

customer order form

sales invoice

prelisting of cash receipts

sales order

credit memo

summary sales report

accounts receivable master file

uncollectible account authorization form

monthly statement

bill of lading