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
Please allow access to your computer’s microphone to use Voice Recording.
We can’t access your microphone!
Click the icon above to update your browser permissions above and try again
Reload the page to try again!
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Your microphone is muted
For help fixing this issue, see this FAQ.