Before a shipping notice is prepared during the revenue cycle, shipping department personnel should match the...
Before a shipping notice is prepared during the revenue cycle, shipping department personnel should match the inventory received from the warehouse to the
| A |
picking tickets. |
|
| B |
sales order and bill of lading. |
|
| C |
picking ticket and sales order. |
|
| D |
sales order. |
Usually the supplier will give the buyer permission to correct the invoice for any discrepancies in quantity. In the case of damaged or poor-quality goods, a document called a(n) ________ is prepared after the supplier agrees to take back the goods or to grant a price reduction.
| A |
return memo |
|
| B |
debit memo |
|
| C |
adjustment memo |
|
| D |
credit memo |
Homework Answers
| 1. Option C is the answer | ||
|
2. Option B is the answer Buyer should prepare a debit memorandum in case of any discrepancies in quantity and quality requesting the seller to issue a credit memorandum |
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