Please match each term with the most appropriate definition. Associated with sep

Question

Please match each term with the most appropriate definition.

Associated with separation of duties

Deposit slip

FOB destination, freight prepaid

FOB shipping point, freight collect

Insurance

Internet

Outsource

Restrictive endorsement

Specifies shipment contents

Stakeholders

A. Buyer capitalizes freight costs to inventory
B. Seller charges freight cost to delivery expense
C. Custody, recordkeeping, authorization
D. Can reduce the risk of damaged goods
E. Business processes create value for them
F. For deposit only
G. Transmits cash receipts to bank
H. Packet list
I. Method for taking customer orders
J. Internal control for granting customer credit

Explanation / Answer

Associated with separation of duties-C. Custody, recordkeeping, authorization Deposit slip :G. Transmits cash receipts to bank FOB destination, freight prepaid-B. Seller charges freight cost to delivery expense FOB shipping point, freight collect-A. Buyer capitalizes freight costs to inventory Insurance-D. Can reduce the risk of damaged goods Internet-I. Method for taking customer orders Outsource-E. Business processes create value for them Restrictive endorsement-F. For deposit only Specifies shipment contents-H. Packet list Stakeholders-J. Internal control for granting customer credit

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