Choose the term that best matches each of the following descriptions a) salat Describes the grouping of expenses based on their purpose. b) select answer Any discrepancy between a physical count of inventory and the costs attached to these inventory items. c) na The difference between sales revenue and cost of goods sold d) Fut din closure pro The generally accepted accounting principle that requires financial statements to report all relevant information about the operations and financial position of the entity e) selecter Discounts given by suppliers to merchandisers that buy a large quantity of goods. 1) select answer When merchandise inventory that has been sold is returned to the merchandiser by the customer a Sector Affects the purchase price of merchandise if payment is made within a time period specified in the supplier's invoice h) salad answer Shipping terms where the seller is responsible for transportation costs D) An expense resulting from the purchase and then the resale of goods Select answer A price reduction when marchandise is retumed to a supplier or damaged in transit Official Time 11:27:11