Goods that a business purchases to sell.
A business that purchases and sells goods.
Retail Merchandising Business
A merchandising business that sells to those who use or consume the goods.
Wholesale Merchandising Business
A business that buys and resells merchandise to retail merchandising businesses.
An organization with the legal rights of a person and which many persons may own.
Share Of Stock
Each unit of ownership in a corporation.
An owner of one or more shares of a corporation.
A journal used to record only one kind of transaction.
Cost Of Merchandise
The price a business pays for goods it purchases to sell.
The amount added to the cost of merchandise to establish the selling price.
A business from which merchandise is purchased or supplies or other assets are bought.
Purchase On Account
A transaction in which the merchandise purchased is to be paid for later.
A special journal used to record only purchases of merchandise on account.
Special Amount Column
A journal amount column headed with an account title.
An invoice used as a source document for recording a purchase on account transaction.
Term Of Sale
Agreement between buyer and seller about payment for merchandise.
Cash Payment Journal
A special journal used to record only cash payment transactions.
A deduction that a vendor allows on the invoice amount to encourage prompt payment.
A cash discount on purchases taken by a customer.
General Amount Column
A journal amount column that is not headed with an account title.
The retail price listed in a catalog or on an Internet site.
A reduction in the list price granted to customers.
An account that reduces a related account on a financial statement.
Cash Payments Journal
a special journal used to record only cash payment transactions
A deduction that a vendor allows on the invoice amount to encourage prompt payment
A cash discount claimed by a buyer for prompt payment of a balance due.
General Amount Column
A journal amount column that is not headed with an account title
The retail price listed in a catalog or on an Internet site
a reduction in the list price granted to customers
an account that reduces a related account on a financial statement
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