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Unit 4 Desktop

Accounts Payable and Receivable

QuestionAnswer
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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