Match each term to its definition.
-Invoice
A)Sent by the vendor after the inventory has been shipped to the purchaser.
B)Sent to the vendor when goods are ordered.
C)Prepared by the purchaser when the goods are received.
D)Sent to the vendor after all approving documents have been submitted.

Question

Quizplus · Accepted Answer

An invoice is a document sent by the vendor after the inventory has been shipped to the purchaser, indicating the quantity and price of the goods sold.

Answer: B
 An order form is sent to the vendor when goods are ordered, specifying the details of the desired products.

Answer: C
 A receiving report is prepared by the purchaser when the goods are received, indicating the quantity and condition of the items received.

Answer: D
 A voucher is sent to the vendor after all approving documents have been submitted, indicating that payment will be made.

Match Each Term to Its Definition