For each of the definitions, write the letter of the appropriate term in the space provided.
a. Purge invoices and purchase orders
b. Sales Invoice
c. Computerized sales order processing
d. Sales Returns & Allowances
e. Sales
f. Statement of account
g. Sales invoice register
h. Sales Journal report
i. Cash receipt
j. Cash Receipts Journal report
k. Schedule of Accounts Receivable report
l. Accounts Receivable Ledger report
1. The revenue account used to record a sale.
2. The revenue account used to record a sales return.
3. A form used to describe the items, quantity, and price of goods sold.
4. A system that comprises the procedures involved in preparing a sales invoice and automatically 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. A computer-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.
7. A report that displays each sales invoices total invoice amount and sales tax for each customer.
8. The report that shows in date order the sales journal entries automatically generated and posted to the general ledger and includes the amount owed from the customer for each sales invoice.
9. A report that lists all activity by customer.
10. A report that shows the current balance for each customer.
11. Any type of transaction involving the receipt of cash.
12. The report that shows the cash receipt journal entries automatically generated and posted to the general ledger and includes the amount of cash received from each customer payment.