Trade Fair Billing/Accounts Receivable/Accounts Payable Chapter 5

Invoice      Invoice Spreadsheet                                            Purchase Order      Purchase Order Spreadsheet

Accounts Receivable

Accounts Payable

1. A charge sale means that a customer will?

Pay you at the time of the sale. Pay you later after receiving an invoice. Pay you at the end of the VE simulation

2. Collectively, all of your charge sales are called?.

Accounts Payable Accounts Receivable Supplies Expense

3. A form that you fill out when you complete a sale is called

Invoice Schedule of Accounts receivable Chart of Accounts

4.Invoices typically are?

Numbered sequentially Have no particular order Do not have numbers