Question

5-86 Chapter 5 Matching a. Purchase order b. Due on receipt C. Bill d. Net 30 e. Item detail section f. Account detail section g. Pay Bills Check Expense J Vendor Purchases that affect inventory are recorded here An invoice sent by a vendor to a customer Purchases that don't affect inventory are recorded here Task used to record checks in the checking account Suppliers of products and services A formal means to order products from vendors Pay a bill within 30 days after the bill date Task used to record credit card charges Terms that provide no credit Paying vendors who have billed you

Answer 1

a. Purchase order	A format means to order products from vendors
b. Due on receipt	Terms tat provide no credit
c. Bill	An invoice sent by a vendor to a customer
d. Net 30	Pay a bill within 30 days after the bill date
e. Item detail section	Purchase that effect inventory are recorded here
f. Accounts details section	Purchase that don't effect inventory are recorded here
g. Pay bills	Paying vendors who have billed you
h. Check	Task used to record checks in the checking account
i. Expense	Task used to record credit card charges
J. Vendor	Suppliers of product and services

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