For each of the definitions, write the letter of the appropriate term in the space provided. 1

Question:

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

image text in transcribed

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 vouchers journal, updates the vendor account balance, decreases inventory item(s) quantity on order, increases an inventory item(s) quantity on hand, and generates a voucher 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 original purchase order number, quantity and description of the merchandise, price, and terms of the merchandise sent.
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, voucher (or purchases invoice), and cash disbursement data into the inventory and general ledger.