Accounting 2nd 9-Weeks Part 3

Match it! Select the correct answer from the pull down...Good luck!

Merchandise returned by the buyer to the supplier for full credit.

Date on which an invoice must be paid

Business that buys goods and then sells those goods to customers for a profit.

Items of merchandise a business has in stock

The cost of shipping charges is debited to the __________ account.

The balance of __________ must agree with the balances of all accounts in its related subsidiary ledger.

Document that lists the credit terms and the quantity, description, unit price, and total cost of the items shipped to the buyer.

Shipping terms specifying that the supplier pays the shipping cost to the buyer's location.