Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read 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.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
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 9-1

Accounting chapter 9

Merchandise Goods that a business purchases to sell
Merchandising business A business that purchases and sells goods
Retail merchandising business A merchandising business that sells to those who use or consume the goods
Wholesale merchandising business A business that buys and resells merchandise to retail merchandising businesses
Corporation A separate legal entity, usually owned by many people
Share of stock Each unit of ownership in a corporation
Capital stock Total shares of ownership in a corporation
Stockholder An owner of one or more shares of a corporation
special journal A journal used to record only one kind of transaction
Cost of merchandise The price a business pays for goods it purchases to sell
Mark up The amount added to the cost of merchandise to establish the selling price
Vendor A business from which merchandise is purchased or supplies or other assets are bought
Purchase on Account A transaction in which the merchandise purchased is to be paid for later
purchases journal A special journal used to record only purchases of merchandise on account
special amount column A journal amount column headed with an account title
Purchases account normal balance side is what? Debit
Purchases account increases with a what? debit
Purchases account is a nominal or what kind of account? temporary
Terms of sale An agreement between buyer and seller about payment for merchandise
1/10, n/30 means what on an invoice? If the buyer pays within 10 days of the invoice date, they will save 1%. If not, the total invoice is due in 30 days
Purchases The account used for recording the cost of merchandise
Created by: lbeddow