Future Business Leaders of America (FBLA) Accounting Practice Test

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Prepare for the FBLA Accounting Test with practice quizzes and comprehensive questions. Each question is designed to help deepen your understanding and enhance your readiness for the exam. Are you ready to excel?

Practice this question and more.

What is described as a form that lists details of a sale?

Purchase Order
Sales Agreement
Sales Receipt
Sales Slip

The correct answer is: Sales Slip

A sales slip is an important document in the sales process, as it serves as an official record of a transaction between a seller and a buyer. Typically, it contains essential details such as the date of the sale, description of the goods sold, quantity, price, and any applicable taxes. This document can act as proof of purchase for the buyer and can also help the seller track sales and inventory. Sales slips are often provided after a transaction is completed and are commonly used in retail environments, making it easy for both parties to reference the terms of the sale if needed. While other options mention related documents, a sales slip specifically focuses on capturing the details of a sale itself, making it the most accurate choice for this question.