cash payments journal
a special journal used to record only cash payment transactions
general amount column
A journal amount column that is not headed with an account title
a business in which two or more persons combine their assets and skills
a person who is a member of a partnership
a business that purchases and sells goods
retail merchandising business
a merchandising business that sells to those who use or consume the goods
goods that a merchandising business purchases to sell
wholesale merchandising business
a business that buys and resells merchandise to retail merchandising businesses
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
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
terms of sale
an agreement between a buyer and a seller about payment for merchandise
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