Chapter 6 Incurring Costs-Merchandising Company matching terms

Matching Match the term or phrase (as used in QuickBooks) to its best definition: 1. Bill credit 2. Item receipt 3. Set Credits 4. Open purchase orders 5. Set Discount 6. Purchase order 7. Stock 8. Stock status by vendor Inventory Transaction type used to record inventory received without a vendor bill A report of items (grouped by preferred vendor) listing quantities on hand and on order Transaction type used to record credits received from vendors Command on the bill payment screen to attach a vendor credit to a specific bill Title of report listing all unfilled purchase orders Order for goods sent to vendor Command on the bill payment screen to take early payment discounts