Question 20 Match torm with definition A Pay a bill within 30 days after the bill date Purchase order Due on receipt B. An invoice sent by a vendor to a customer Net 30 C. Purchases that affect inventory are recorded here D. Terms that provide no credit E. A formal means to order products from vendors om detail section Question 21 Match form with definition Transaction report Balance Sheet - Journal entry Opening Balance Equity Customer A Account used to offset bening balances de 3. Transactions for an account for a specified period C. Erity to whom you sell product services D. Commonly used to adjust accounts E A Reling of asset, Bability, and equity account balances as of a specific date Question 22 Match term with definition Income statement A Reports assets, abilities, and equities Balance sheet Statement of cash flows B. Includes operating, Investing and financing activities C. Reflects unpaid invoices for the current period D. Reports revenues and expenses E. Reflects unpaid bills for the current period VAR aging report - AP aging report Question 23 Match term with definition - Account detail section Pay Bills E Chock Expense Vendor A Task used to record checks in the checking account B. Suppliers of products and services C. Purchases that don't affect inventory are recorded here D. Paying vendors that have billed you E Task used to record credit card charges Question 24 Match form with definition - Common stock A Used to record purchase of a fixed asset for a note - Dividends B.A stockholders' equity account Long-term debt - Bank deposit C. Used to record amounts received from a note payable D. Distribution of earnings to shareholders E A 5 year not payable - Journal entry Match term with definition Vendor Product Service Category Type Detailed type example A Eforts made by a company to add value to a customer B.Entity from whom you purchase products/services C Merchandise a company purchases from a vender D Checking E. Didates where an account appears in all reports Question 26 The Center for Audi Quality (CAG) report identifies which of the following ways in which individuals involved in the financial reporting process at the risk of racial reporting Individuals involved in financial reporting need to dowledge that the needs to earn cao the top of an organit that permes the corporate culture, including an afecte ad risk management program Individuals involved in financial reporting need to continually die professional skeptic Individuals involved in financial reporting need to remember that wrong communication among those involved in the financial reporting processina Al of the above