1) This is an authorization made by the buyer to seller to deliver the merchandise as detailed in the form 2) This is the shipping term if the buyer shoulders the shipping costs. 3) The two main inventory accounting systems are: 4) The bill of lading is a document prepared by the _______ detailing the terms of delivery. 5) The difference between net sales and cost of sales is called ____ 6) Issuing the check 7) FOB means 8) This discount encourages the buyers to purchase goods because of markdowns from the list price. 9) It is a written request to the purchaser of an entity from an employee or user department of the same entity that goods be purchased. 10) It gives discount for prompt payment. 11) It a document containing information about goods received from a vendor. 12) EOM means 13) The credit period is usually described as 14) The seller bears the shipping cost 15) It is use various business forms and documents to help identify the transactions that should be record in the books

Accounting

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