Which of the following is an advantage of using single sourcing?
A) Suppliers are more likely to remain cost-competitive.
B) Buyers are less reliant on one firm to deliver the needed goods without interruption.
C) The buyer and seller agree to be each other's customers.
D) Consistency of quality of materials input into the product process is greater.
E) Buyers have other suppliers to fall back on if one supplier fails.
D
Business
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A business pays $800 cash for office supplies. Which of the following accounts is credited?
A) Cash B) Accounts Payable C) Office Supplies D) Office Supplies Expense
Business
Freight in is recorded in the Merchandise Inventory account if the purchaser uses the perpetual inventory system
Indicate whether the statement is true or false
Business