38207762
Description
Flashcards by Austin Egg, updated more than 1 year ago
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Created by Austin Egg
over 1 year ago
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| Question | Answer |
| inventory | products that we buy for which we track quantities |
| non-inventory | products that we buy but we don't need to track the quantity of the product |
| service | services that we buy from vendors |
| bundle | a collection of products and services that we sell together as a bundle |
| purchase order | record of an order to purchase products from a vendor |
| invoice | used to record sales when the customer will pay later |
| internal control | processes and procedures to safeguard assets and detect errors |
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