Flashcards
QBO Chapter 7
Cards in this deck (8)
- 1inventoryproducts that we buy for which we track quantities
- 2non-inventoryproducts that we buy but we don't need to track the quantity of the product
- 3serviceservices that we buy from vendors
- 4bundlea collection of products and services that we sell together as a bundle
- 5purchase orderrecord of an order to purchase products from a vendor
- 6invoiceused to record sales when the customer will pay later
- 7internal controlprocesses and procedures to safeguard assets and detect errors
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