Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Accounting ch 11

College Accounting Ch 11

QuestionAnswer
Accounts Payable Ledger A separate ledger containing an individual account payable for each supplier.
Cost of Goods Sold The difference between the goods available for sale and the ending inventory.
Cost of Merchandise Sold The difference between the goods available for sale and the ending inventory.
FOB Destination Shipping terms indicating that transportation charges are paid by the seller.
FOB Shipping Point Shipping terms indicating that transportation charges are paid by the buyer.
Gross Margin The difference between net sales and cost of goods sold.
Gross Profit The difference between net sales and cost of goods sold.
Invoice A document prepared by the seller as a bill for the merchandise shipped. To the seller, this is a sales invoice. To the buyer, this is a purchase invoice.
Purchase Invoice A document prepared by the seller as a bill for the merchandise shipped. To the buyer, this is a purchase invoice.
Purchase Order A written order to buy goods from a specific vendor (supplier).
Purchase Requisition A form used to request the purchase of merchandise or other property.
Purchases Merchandise acquired for sales to customers.
Receiving Report A report indicating what has been received.
Schedule of Accounts Payable An alphabetical or numerical listing of supplier accounts and balances, usually prepared at the end of each month.
Trade Discount A reduction from the list or catalog price offered to different classes of customers.
Created by: dengler
Popular Accounting sets
Fundamental Accounting Definitions 1 of 2
Accounting Vocab and Important Information from Chap. 1
medical billing & coding
Accounting Equation
AIS Final
Part 1 Forms FLASH CARDS
Auditing Lecture A1
Accounting Equation, T-Account, Business and Accounting Terms
Accounting Ch.1
VYC1 Principles of Accounting WGU
QB Study Guide for Certification Exam
Financial markets and the investment banking process

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards