Question 1
Which of the following transactions is represented by the diagram below?
◦ Vendors send a bill for each inventory item purchased which is payable on receipt.
◦ A single purchase of inventory is paid for with multiple payments.
◦ Inventory vendors send a monthly bill for merchandise delivered. The seller does not accept or allow installment payments.
◦ Some inventory purchases are paid for with multiple payments and some payments may apply to multiple purchases.
Question 2
Which of the following transactions is represented by the diagram below?
◦ Vendors send a bill for each inventory item purchased which is payable on receipt.
◦ A single purchase of inventory is paid for with multiple payments.
◦ Inventory vendors send a monthly bill for merchandise delivered. The seller does not accept or allow installment payments.
◦ Some inventory purchases are paid for with multiple payments and some payments may apply to multiple purchases.
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