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Understanding Key Accounting Documents and Terms in Business Transactions

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Finance - Personal Finance

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georgepetenjk Created by 10 mon ago

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Cards in this deck(6)
A source document that verifies a credit sale of inventory is known as a _____
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A source document that verifies a credit purchase is referred to as a _____
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A customer who owes a debt to the business for goods or services sold to them on credit is recorded as an _____
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An accounting record that summarizes all transactions involving the purchase of materials or supplies on credit is called a _____
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An accounting record that summarizes all transactions involving the sale or performing of services on credit during a reporting period is known as a _____
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Money owed for products and services purchased from suppliers on credit is recorded as an _____
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