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Rice Acctg Ch9 Set3

Maplewood Rice Acctg Ch 9 Set 3

QuestionAnswer
purchase invoice an invoice used as a source document for recording a purchase on account transaction
terms of sale an agreement between a buyer and seller
cash payments journal a special journal used to record only cash payment transaction
cash discount a deduction that the vendor allows on the invoice amount to encourage prompt payment
purchases discount a cash discount on purchases taken by a customer
general amount column a journal amount column that is not headed with an account title
list price the retail price listed in a catalog or on an internet site
Popular Accounting sets

 

 



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