Term
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Definition
| Goods that a buisiness purchases to sell |
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Term
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Definition
| Business that purchases and sells goods |
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Term
| Retail merchandising business |
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Definition
| A merchandising business that sells to those who consume the goods |
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Term
| Wholesale Merchandising Business |
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Definition
| Only buys and sells merchandise to retail stores |
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Term
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Definition
| An organization with the legal rights of a person and which many persons can own |
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Term
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Definition
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Term
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Definition
| Total shares of ownership in a coporation |
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Term
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Definition
| An owner of one or more shares of a corporation |
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Term
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Definition
| A journal used to record only one kind of transaction |
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Term
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Definition
| The price a business pays for goods it purchases to sell |
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Term
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Definition
| The ammount added to the cost of merchandise to establish the selling price |
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Term
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Definition
| A business from which mercandise is purchased or supplies or other asses are bought |
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Term
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Definition
| A transaction in which the merchandise purchases is to be paid for at a later date |
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Term
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Definition
| A special journal used to only record purchases of merchandise on account |
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Term
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Definition
| A journal amount column headed with and account title |
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Term
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Definition
| The souce document for recording a purchase on account |
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Term
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Definition
| An agreement between a buyer and seller about payment for merchandise |
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Term
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Definition
| A special journal used to record only case payment transactions |
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Term
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Definition
| A deduction that a vendor allow on the invoice amount to encourge promt payment |
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Term
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Definition
| A discount on purchases taking by a customer |
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Term
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Definition
| a journal amount that is not headed with an account title |
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Term
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Definition
| The retail price luisted in a catalog or on an internet site |
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Term
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Definition
| A reduction in the list price granted to the customers |
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Term
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Definition
| an account that reduces a related account on a financial statement |
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Term
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Definition
| A petty cash on hand ammount that is less than the recorded ammount |
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Term
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Definition
| A petty cash on hand ammount that is more than the recorded ammount |
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Term
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Definition
| creid allowed for the pruchase price of reutned merchandise, resulting in a decrease in the customers accounts payable |
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Term
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Definition
| credit allowed for part of the purchase price of merchandise that is not returned, resulting in a decrease in customers accounts payable |
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Term
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Definition
| A form prepared by the customer showing the price deduction takin gby th customer for returns and allowances |
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