TRUE/FALSE 1. The packing slip is also known as the shipping notice. 2. The bill of...

 

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TRUE/FALSE 1. The packing slip is also known as the shipping notice. 2. The bill of lading is a legal contract between the buyer and the seller. 3. Another name for the stock release form is the picking ticket. 4. Warehouse stock records are the formal accounting records for inventory. 5. The purpose of the invoice is to bill the customer. 6. In most large organizations, the journal voucher file has replaced the formal general journal. 7. The cash receipts journal is a special journal. 8. In the revenue cycle, the internal control "limit access" applies to physical assets only. TRUE/FALSE 1. The packing slip is also known as the shipping notice. 2. The bill of lading is a legal contract between the buyer and the seller. 3. Another name for the stock release form is the picking ticket. 4. Warehouse stock records are the formal accounting records for inventory. 5. The purpose of the invoice is to bill the customer. 6. In most large organizations, the journal voucher file has replaced the formal general journal. 7. The cash receipts journal is a special journal. 8. In the revenue cycle, the internal control "limit access" applies to physical assets only.

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