For each of the definitions, unite the letter of the appropriate term in the space provided. 1_The
Question:
For each of the definitions, unite the letter of the appropriate term in the space provided.
1_The revenue account used to record a sale.
2-The revenue account used to record a sales return.
3-Window used to enter sales-on-account transactions.
4-Asystem that comprises the procedures involved in preparing a sales invoice and automati¬
cally integrating the data it contains into the inventory and general ledger.
5-The process in which previously entered invoices and purchase orders are erased when capacity is exceeded.
6-The procedures and controls involved in preparing invoices, updating accounting records, and shipping merchandise.
7_Acomputer-generated output for each customer that shows the customer’s name, balance brought forward, sales invoices of the current period, payments received in the current period, and balance owed.
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