When a merchandiser records sales returns, Accounts Receivable is credited. (Assume the seller uses the perpetual inventory system.)
Indicate whether the statement is true or false
TRUE
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Assuming that we separate the shipping and billing processes, which of the following data stores would you expect to be updated by an OE/S process called execute shipping notice?
a. accounts receivable master data b. sales order master data c. inventory master data d. both B and C
Which set of documents generally represents the minimum documentation required to clear a shipment through customs?
A) packing list, commercial invoice B) bill of exchange, commercial invoice C) certificate of origin, bill of exchange D) packing list, insurance certificate E) letter of credit, commercial invoice
Income from operations is the difference between gross margin and operating expenses
Indicate whether the statement is true or false
To avoid the legal perils of electronic communications, employees must be taught to:?
A) ?write loose messages. B) ?always write casual messages. C) ?delete all old messages. D) ?organize relevant messages.