Merchandising Operations | 319 NAME: SECTION: SCORE: PROFESSOR: Matching Type A. Purchase Requisition B. Purchase Order G. Invoice C. Credit Memorandum H. Official Receipt D. 1. Debit Memorandum Periodic Inventory System J. E. FOB Destination Perpetual Inventory System F . FOB Shipping Point K. Purchases Discounts L. Trade Discounts Required: From the list of terms above, select the one that relates to each of the following statements: 1. This is an authorization made by the buyer to the seller to deliver the merchandise as detailed in the form. 2. It is the discount taken by the buyer for the early payment of an invoice. 3. The document issued by the seller authorizing the return of merchandise or the grant of an allowance. 4. This document evidences the receipt of cash by the seller. 5. This transportation arrangement passes ownership to the goods to the buyer only when the buyer receives the merchandise. 6. Under this inventory system, revenues from sales are recorded when sales are made, but no attempt is made on the sales date to record the cost of goods sold. 7. Under this inventory system, both the sales amount and the cost of goods sold amount are recorded when each item of merchandise is sold. 8. The document prepared by the seller of goods and sent to a buyer detailing the specifics of a sale. 9. This discount encourages the buyers to purchase goods because of markdowns from the list price. 10. This is the shipping term if the buyer shoulders the shipping costs