which is the correct answer? Question $9$

A customer returns a document along with cash payment. The document was originally part

of the sales invoice, and it identifies the customer account and the amount of the cash

payment due. The document is called a

A$.$ remittance listing

B$.$ credit memorandum

C$.$ debit memorandum

D$.$ remittance advice or turnaround document

E$.$ None of the above are correct

Question $10$

Which one of the following statements is true?

A$.$ To understand an organization's context, you need to focus on understanding its strategy, culture,

measurements, structure, and information technology environment.

B$.$ A business event is strategically significant if the organization wants to plan, evaluate, and

execute$/$or control the activity.

C$.$ Events involving the exchange of resources between organizations always involve at least two

agents.

D$.$ All of the above are true

E$.$ None of the above are true Question $11$

A seller generates a bill for a customer. When the bill enters the customer's system, the bill is

referred to $($by the customer$)$ as a

A$.$ Sales order

B$.$ Customer purchase order

C$.$ Sales invoice

D$.$ Vendor's invoice

E$.$ Purchase Order

Question $12$

If a company applies payments made by customers to individual purchases, then the company

must be using the

method.

A$.$ cycle billing

B$.$ unapplied cash

C$.$ balance forward

D$.$ specific invoice

E$.$ none of the above Question $13$

Which activity is part of the record sales order information process?

A$.$ Setting customer return limits

B$.$ Preparing a Bill of Lading

C$.$ Checking customer credit

D$.$ Reordering inventory if levels are too low

E$.$ None of the above

Question $14$

The

is a legal contract that defines responsibility for the goods that are in transit.

A$.$ packing slip

B$.$ sales order

C$.$ picking slip

D$.$ bill of lading

E$.$ sales invoice Question $15$

A purchasing agent generates a document to order goods from a vendor. Once the document

is received by the vendor, the order document is referred to $($by the vendor$)$ as a

A$.$ Purchase order

B$.$ Customer order

C$.$ Sales order

D$.$ Purchase requisition

E$.$ None of the above

Question $16$

A sales invoice should be prepared $($filled out$)$ with data derived from the related

A$.$ approved, valid open purchase order event

B$.$ open customer order event

C$.$ receive cash from customer event

D$.$ shipment$/$delivery event

E$.$ None of the aboveQuestion $17$

Data from which of the following can be used to measure an economic event and record it in

the general ledger?

A$.$ Customer order

B$.$ Sales order

C$.$ Sales invoice

D$.$ Bill of lading

E$.$ All of the above can be used to record to the general ledger

Question $18$

Which of the following is a primary reason why inventory quantities on hand should be

checked before a sales order is officially approved?

A$.$ to determine if the order can be fulfilled or if inventory must be backordered

B$.$ to inform the inventory vendor about order requests and delivery times

C$.$ to communicate the inventory pricing with the customer before approving the sales order

D$.$ All of the above are reasons why inventory quantities are checked before approving sales orders

E$.$ None of the above are reasons why inventory quantities are checked before approved sales orders