Question

Page 9 of 17 Watch the terms presented below with their definitions by writing the corresponding letter in the space provided in the right column. (1 point each) Maximum possible account balance for a customer I credit limit vocument used to authorize reducing the balance in a customer account Method of maintaining customer accounts that generates payments for each individual sales transaction System that contains customer-related data organized in a manner to facilitate customer service, sales, and retention Document used to establish responsibility for shipping goods via a third party Turnaround document returned by customers with payments Document used to indicate stock outs exist Post office box to which customers send payments Method of maintaining accounts receivable that generates one payments for all sales made the previous month - Document that authorizes removal of merchandise from inventory A. CRM system B. Open-invoice method C. Credit memo D. Credit limit E. Cycle billing F. Remittance advice G. Lockbox H. Back order Picking ticket K Bill of lading

Answer 1

1. Credit Limit

2. Credit Memo

3. Open- invoice Method

4. CRM system

5. Bill of Lading

6. Remittance Advice

7. Back Order

8. Lockbox

9. Cycle Billing

10. Picking Ticket