B386 Accounting Chapter 15

Actual cost to the business of the merchandise sold to customers is

Information placed on an invoice that outlines steps to be followed in processing the invoice

Merchandise returned by the buyer to the supplier for full credit

The account used to record the cost of merchandise purchased during the fiscal period

The form that lists the items included in a shipment

A written offer to a supplier to buy certain items is called a(n)

An amount charged by a bank for handling a business's bankcard sales slips

Contains invoices to be paid arranged by their due dates

A written request within a business that a certain item or items be ordered is

The date an invoice must be paid is called the

Source document prepared by buyer to notify the seller that the seller's account is decreased

This shipping term means that the buyer pays the shipping charge

Shipping terms that the seller pays the shipping charge

Given when a business keeps unsatisfactory merchandise but pays less than original price

Cash discount that suppliers often offer credit customers for early payment

The period of time an invoice must be paid in order to receive an amount off the invoice price

Ledger that contains accounts for all creditors and the amount owed to each

The amount paid for insurance