Accounting
Budget
Amount of money paid for one hour of work
Rate
To keep track of supplies business use a
Stock card
Cents are place over
100
Given for purchasing large amount of goods
Quantity Discount
A fund for small office expenses
Petty Cash
Regular pay plus overtime pay
Gross Pay
People or businesses whom good are bought from are
Suppliers
Payee
Given when goods are paid for quickly
Cash Discount
A report that shows whether the company made a profit or loss
Income Statement
Percent paid on total sales
Commission
A document showing charges for goods and services
Invoice
The person who writes the check
Drawer
Given to persons in the same industry
Trade Discount
A financial statement that shows assest, liabilites and owner's equity
Balance Sheet
Money taken out of pay for taxes or loan
Deductions
Credit note
Two ways the amount is written in words and
Figures
Explain my discount: 2/10
2 percent in 10 day
A document that compares the company's cash book with its bank statement
Bank Reconciliation Statement
Net Pay
A document showing the amount owed by a customer who bought good on credit
Statement
The check number, bank number and _______ number are written in magnetic ink
Account Number
3/5 net 65 day is a
Term