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

Items of merchandise a business has in stock

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

Shipping terms specifying that the buyer pays the shipping charge from the supplier's shipping location.

Date on which an invoice must be paid

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

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

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

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

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

Teachers: Create FREE classroom games with your questions Click for more info!
©2007-2024 Review Game Zone | About | Privacy | Contact | Terms | Site Map