Info
Warning
Danger
/ Homework Answers / Accounting / MATCHING 237.Match the items below by entering the appropriate code letter

Question : MATCHING 237.Match the items below by entering the appropriate code letter

MATCHING

237.Match the items below by entering the appropriate code letter in the space provided.

A.Net salesF.FOB shipping point

B.Sales discountsG.Freight-out

C.Purchase invoiceH.Gross profit

D.Periodic inventory systemI.Operating expenses

E.FOB destinationJ.Income from operations

_____              1.An incentive to encourage customers to pay their accounts early.

_____              2.Expenses incurred in the process of earning sales revenue.

_____              3.Freight terms that require the seller to pay the freight cost.

_____              4.Sales revenue less sales returns and allowances and sales discounts.

_____              5.A document that supports each credit purchase.

_____              6.Net sales less cost of goods sold.

_____              7.Freight cost to deliver goods to customers reported as a selling expense.

_____              8.Requires a physical count of goods on hand to compute cost of goods sold.

_____              9.Gross profit less total operating expenses.

_____              10.Freight terms that require the buyer to pay the freight cost.

Solution
5 (1 Ratings )

Solved
Accounting 6 Months Ago 5 Views
This Question has Been Answered!
Premium Content -