Answered: When preparing the invoices, the prices…

When preparing the invoices, the prices come from the A. packing slips B. shipping notices C. purchase requisitions D. bill of ladings E. sales orders

Accounting Information Systems

10th Edition

ISBN:9781337619202

Author:Hall, James A.

Publisher:Hall, James A.

Chapter4: The Revenue Cycle

Section: Chapter Questions

Problem 10MCQ

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Question

When preparing the invoices, the prices come from the

A. packing slips

B. shipping notices

C. purchase requisitions

D. bill of ladings

E. sales orders

Expert Solution

Step 1

Answer:

Invoice is one of the most important document to identify the actual sales or purchases being made. It consists of various details as supplier, purchaser, address, price, quantity.

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