Which of the following statements is correct? The purchase requisition is the fo

Question

Which of the following statements is correct? The purchase requisition is the form sent to a suppier to order goods. The Purchases account is reported as an asset on Bio balance sheet To the customer, a supplier's invoice is a sales invoice The credit terms, 2/10 n/30 allow the customer to take a 2 percent discount if payment is made within 10 days of the invoice, otherwise payment is due to full in 30 days. When a payment is due is determined by the invoice date and credit torms. accounting cycle. delivery date. transportation schedule. Whwn the sales department needs merchandise, If sends the purchasing department a from called a purchase invoie. a purchase order. a purchase requisition. a sales invoice.

Explanation / Answer

20) The purchase requestion is the form sent to supplier to order goods

21) credit terms

22)purchaseorder

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