For each of the definitions, write the letter of the appropriate term in the space provided.

a. Purge invoices and purchase orders

b. Account Maintenance/Inventory

c. Computerized purchase order processing system

d. Unit of measure

e. Purchase requisition

f. Reorder point

g. Purchase order transaction

h. Quantity on hand

i. Quantity on order

j. Purchase invoice

k. Receiving report

l. Retail price

m. Purchase invoice transaction

n. Purchases return transaction

o. Vendors

p. Cash payment transaction

q. Check

1.   A two-character abbreviation that indicates how the item is sold (each, by the dozen, by the box, etc.).

2. A count of the quantity of this particular item currently contained in the merchandise inventory.

3. A transaction that creates and posts an entry in the general journal, updates the vendor account balance, and decreases an inventory item’s quantity on hand.

4. A transaction that increases an inventory item’s quantity on order.

5. A transaction that creates and posts an entry in the purchases journal, updates the vendor account balance, decreases inventory item(s) quantity on order, increases an inventory item(s) quantity on hand, and generates an internal purchase invoice document.

6. The current selling price per unit for this item.

7. The window used to enter additions, changes, and deletions to inventory items.

8. A document sent to the business’s accounting department by a vendor containing the vendor’s name; original purchase order number; quantity, description, and price of the merchandise sent; and terms of the order.

9. When the quantity on hand reaches this point, additional items are to be ordered.

10. The process in which previously entered transactions are erased when capacity is exceeded.

11. A document prepared by the receiving department, containing the description, quantity, and condition of the merchandise received.

12. A formal document requesting a purchase of merchandise.

13. The quantity of this item for which stock is ordered but not yet received.

14. Comprises the procedures involved in automatically integrating the purchase order, purchase invoice, and cash disbursement data into the inventory and general ledger.

15. A computer-generated output given to each vendor in payment of purchases owed.

16. Businesses from which merchandise is purchased or supplies and other assets are bought.

17. Any type of transaction involving the payment (disbursement) of cash.