Show:
VOCABULARY
MERCHANDISING
JOURNALS
PURCHASES
SALES
100
Each member of a partnership
Partner
100
Goods that a merchandising business purchases to sell
Merchandise
100
Special journal used to record only purchases of merchandise on account
Purchases journal
100
Price a business pays for goods it purchases to sell
Cost of merchandise
100
Person or business to whom merchandise or services are sold
Customer
200
Business in which two or more persons combine their assets and skills
Partnership
200
Price a business pays for goods it purchases to sell
Cost of merchandise
200
Special journal used to record only sales of merchandise on account transactions
Sales journal
200
Business from which merchandise is purchased or supplies or other assets are bought
Vendor
200
Sale in which cash is received for the total amount of the sale at the time of the transaction
Cash sale
300
Journal used to record only one kind of transaction
Special journal
300
Business that purchases and sells goods
Merchandising business
300
Special journal used to record only cash payment transactions
Cash payments journal
300
Amount added to the cost of merchandise to establish the selling price
Markup
300
Sale in which a credit card is used for the total amount of the sale at the time of the transaction
Credit card sale
400
Journal amount column headed with an account title
Special amount column
400
Merchandising business that sells to those who use or consume the goods
Retail merchandising business
400
Special journal used to record only cash receipts transactions
Cash receipts journal
400
Invoice used as a source document for recording a purchase on account transaction
Purchases invoice
400
Tax on the sale of merchandise or services
Sales tax
500
Journal amount column that is not headed with an account title
General amount column
500
Business that buys and resells merchandise to retail merchandising businesses
Wholesale merchandising business
500
Journal with two amount columns in which all kinds of entries can be recorded
General journal
500
Agreement between a buyer and seller about payment for merchandise
Terms of sale
500
Journal that cash and credit card sales are recorded in
Cash receipts journal