7. The ownership (title)passes to the buyer when merchandise is delivered to buyer called __ A. FOB shipping point C. Transportation cost B. FOB destination D. Delivery expense 8. The balance in Delivery Expense account is listed with expenses on the __ A. Income statement C. Revenue B. Balance sheet D. Expense 9 __ the one to whose order the check is drawn. A. Drawee B. Drawer C. Payee D. none 10. Voucher is a written instrument signed by the depositor, ordering the bank to pay i certain sum of money to the order of a designated person. A. False B. True C. Both are answer

7. B. FOB destination <br /> - In an FOB (Free On Board) destination contract, the ownership of the merchandise passes to the buyer when the goods are delivered to the buyer's location.<br /><br />8. A. Income statement <br /> - The balance in the Delivery Expense account is listed with expenses on the income statement.<br /><br />9. C. Payee <br /> - The payee is the one to whose order the check is drawn, meaning the person or entity that will receive the payment.<br /><br />10. A. False <br /> - A voucher is not a written instrument signed by the depositor ordering the bank to pay; that description fits a check. A voucher is typically a document used to authorize a payment or confirm that services have been performed or goods have been received.