Activity 3: True or False
Direction: Write True if the statement is correct and False if it is wrong.
1. Requisition form contains information about items that any
business purchases for sale, tracks in inventory, and displays on
a balance sheet.
2. Delivery receipt form shows proof or receipt of goods or services.
3. Borrower's slip contains name of borrower, date, description,
quantity, and remarks.
4. Inventory is an official paper in the form of a printed document
on which a request is made.
5. Inventory is an idle stock of physical goods that contain
economic value, and are held in various forms by an organization
in its custody awaiting packing, processing, transformation, use
or sale in a future point of time.​