Exercise 4.
6 Terminologies
Identify the terminologies being described by each sentence.
1. It is a document used to request items or services from a vendor at an agreed upon price.
PURCHASE ORDER
2. This document was created when you receive goods from the vendor.
GOODS RECEIPT PURCHASE ORDER
3. This document was used to make a request for payment and serves as a legal document in
recognizing a liability.
A/P INVOICE
4. When it’s time to pay the money owed for the goods received and services rendered, this process
is being made.
OUTGOING PAYMENTS
5. It shows the relationship of the entire purchasing process.
RELATIONSHIP MAP
6. The part of the marketing document which shows the general information.
HEADER
7. The part of the marketing document which shows the information on different tab pages and the
item specific data (you can access more item specific data in the line details by double-clicking a
row).
FOOTER
8. This tab of the middle part contains all the specific information about the ordered items or services
is entered, such as quantity, price, item number, and description.
CONTENTS TAB
9. This tab of the middle part contains the details about where the items or services as well as
payments are to be sent.
LOGISTICS TAB
10. This tab of the middle part contains the relevant general ledger (G/L) account information for the
purchase pulled from the financial accounting master data.
ACCOUNTING TAB
