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What the document prepared by the seller of goods

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Problem 1: Which of the following cases show(s) the situation(s) that the list price is higher than the invoice price after a deduction as stated on the sales invoice? S1 There is a trade discount of 5 % given by the seller. S2 There is a cash discount of 5% given by the seller. S3 Some goods are returned to the supplier.

a. (1) only

b. (2) only

c. (1) and (3) only

d. (2) and (3) only

Problem 2: The document prepared by the seller of goods and sent to a buyer detailing specifics of a sale:

a. Purchase order

b. Invoice

c. Receiving Report

d. Official receipt

Reference no: EM132739241

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