Merchandise
goods that merchandising business purchases to sell
What is Merchandise
a journal amount column that is not headed with an account title
What is General Amount Column
A business from which merchandise is purchased or supplies or supplies or other assets are bought.
What is a Vendor?
Each unit of ownership in a business
What is Share of Stock
a cash discount on purchases taken by a customer
What is Purchases Discount
the price a business pays for goods it purchases to sell
What is Cost of Merchandise
a journal used to record only one kind of transaction
What is Special Journal
A sale in which cash is received for the total amount of the sale at the time of the transaction
What is Cash Short
total shares or ownership in a corporation
What is Capital Stock
a transaction in which the merchandise purchased is to be paid for later
what is Purchase on Account
a business that purchases and sells goods
What is Merchandising Business
a journal amount column headed with an account title
What is Special Amount Column
A reduction in the list price granted to customers
What is Trade Discount
Owner of one or more shares of a corporation
What is Stock Holder
the credit allowed for the purchase price of returned merchandise, resulting in a decrease in the customer's accounts payable
what is Purchases Return
a merchandising business that sells to those who use or consume the goods
What is Retail Merchandising Business
a special journal used to record only cash payment transactions
What is Cash Payments Journal
A deduction from the invoice amount allowed by a vendor to encourage early payment DAILY DOUBLE
What is Cash Discount
an organization with the legal rights of a person which may be owned by many persons
What is Corporation
the credit allowed for part of the purchase price of merchandise that is not returned, resulting in a decrease in the customer's accounts payable
Purchases Allowance
a business that buys and resells merchandise to retail merchandising businesses
What is Wholesale Merchandising Business
a special journal used to record only purchases of merchandise on account
What is Purchases Journal
an agreement between a buyer and a seller about payment for merchandise
What is Terms of Sale
the retail price listed in a catalog or on an Internet site
What is List Price