The customer refers to a bill as a purchase invoice while the seller refers to it as a sales invoice. True or False Which of the following is prepared to show the quantity and condition of the goods recelved upon their arrival? Multiple Choice a purchase order a receiving report a schedule of accounts payable a purchase requisition Which of the following statements is correct? Mustiple Choice The credit terms, 2/0. n/30, allow the customer to take a 2 percent discount if payment is made within t0 days of the invoice, otherwse poymeat a due in full in 30 days. The Purchases account is reported as an asset on the balance sheet. To the customec, a supplier's invoice is a sales invoice. The purchase requisition is the form sent to a supplier to order goods. The source document for recording a purchase of merchandise on credit is: Multiple Choice the purchase invoice. the receiving report. the purchase order. the purchase requisition