Which of the following transactions is represented by the diagram below?
A)Vendors send a bill for each inventory item purchased which is payable on receipt.
B)A single purchase of inventory is paid for with multiple payments.
C)Inventory vendors send a monthly bill for merchandise delivered. The seller does not accept or allow installment payments.
D)Some inventory purchases are paid for with multiple payments and some payments may apply to multiple purchases.

Question

Which of the following transactions is represented by the diagram below? 
A)Vendors send a bill for each inventory item purchased which is payable on receipt. 
B)A single purchase of inventory is paid for with multiple payments. 
C)Inventory vendors send a monthly bill for merchandise delivered. The seller does not accept or allow installment payments. 
D)Some inventory purchases are paid for with multiple payments and some payments may apply to multiple purchases.

Quizplus · Accepted Answer

The diagram represents a single invoice for multiple inventory items received in a monthly bill. The seller does not accept or allow installment payments, hence option A and D are not applicable. Option B refers to a single purchase that is paid with multiple payments, which is not represented by the diagram.

Which of the Following Transactions Is Represented by the Diagram