Term
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Definition
| A written request to order a specified item or items |
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Term
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Definition
| A written offer to a supplier to buy specified items |
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Definition
| A form that lists the items included in the shipment |
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Definition
| Placed on an invoice to enter the date invoice is to be paid, the discount amount, if any, the amount to be paid, and the check number |
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Definition
| A cash discount offered to charge customers for early payment |
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Term
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Definition
| The time within which an invoice must be paid if the discount is taken |
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Definition
| The account used to record the cost of merchandise purchased during a period |
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Definition
| The actual cost to the business of the merchandise sold to customers |
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Term
| Accounts Payable Subsidiary Ledger |
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Definition
| Individual accounts for each supplier or creditor |
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Definition
| Contains a folder for each day of the month |
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Definition
| The date an invoice is to be paid |
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Definition
| A business returns merchandise to the supplier for full credit |
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Term
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Definition
| A business keeps less than satisfactory merchandise and pays a reduced price |
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Term
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Definition
| Also known as a debit memo, used to notify suppliers (creditors) of a return or to request an allowance |
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Definition
| The cost of insurance protection |
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Definition
| The supplier pays the shipping cost to the buyer's destination or location |
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Definition
| The buyer pays the shipping charge from the supplier's shipping point |
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Term
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Definition
| Usually a percentage of the total of the amounts recorded on the bankcard sales slip processed |
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