Chapter 9 Vocabulary (Accounting 1)
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | Goods that a business purchases and sells
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| Merchandising Business | show 🗑
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| show | A merchandising business that sells to those who use or consume the goods
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| show | A business that buys and resells goods to retail merchandising businesses
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| Corporation | show 🗑
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| show | Each unit of ownership of a corporation
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| Capitol Stock | show 🗑
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| Stockholder | show 🗑
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| Special Journal | show 🗑
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| Cost of Merchandise | show 🗑
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| show | The amount added to the cost of merchandise to establish the selling price
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| Vendor | show 🗑
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| Purchase on Account | show 🗑
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| Purchase Journal | show 🗑
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| Special Amount Column | show 🗑
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| Purchase Invoice | show 🗑
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| show | An agreement between a buyer and a seller about payment for merchandise
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| show | A special journal used to record only cash payment transactions
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| Cash Discount | show 🗑
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| Purchases Discount | show 🗑
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| show | A journal amount column that is not headed with an account title
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| show | The retail price listed in a catalog or on an Internet site
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| Trade Discount | show 🗑
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| show | An account that reduces a related account on a financial statement
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| show | A petty cash on hand amount that is less than a recorded amount
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| show | Petty cash on hand amount that is more than a recorded amount
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| show | Credit allowed for the purchase price of returned merchandise, resulting in a decrease in the customer's accounts payable
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| Purchases Allowance | show 🗑
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| show | A form prepared by the customer showing the price deduction taken by the customer for returns and allowances
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
jenner.robertson.15