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Identify the term/s being described. Write your answer on a clean sheet of paper. 1. It is the list of all the business' customers with
Identify the term/s being described. Write your answer on a clean sheet of paper. 1. It is the list of all the business' customers with their corresponding outstanding account balances. 2. It is the inventory system most applicable to sari-sari store, 3. It refers to cost of goods unsold at the end of the accounting period 4. It is the difference between sales revenue and cost of goods sold. 5. It is computed by adding shipping cost to cost of purchased merchandise but deducting returns and allowances. 6. It is the business document commonly used as the basis of recording in the cash receipts journal. 7. It refers to the number of days from date of purchase that the supplier has given the business to pay its account. 8. It is the cost associated with transporting goods from seller to buyer's place of business. I 9. It is the business document issued by the buyer whenever there are returns and allowances. 10. These are expenses related to the promotion, sale, or delivery of the merchandise which are incurred by the seller
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