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Purchases and Cash Payments

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Question
Answer
Purchase Requisition   show
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show written offer to a supplier to buy certain items.  
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Packing slip   show
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Purchases discount   show
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Discount period   show
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Purchases account   show
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show an individual account for each supplier or creditor, and is summarized in the general ledger controlling account.  
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show merchandise returned by the business to the supplier for full credit.  
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show merchandise kept by business but price reduced by supplier because merchandise was not satisfactory.  
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show the asset account that records the payment of an insurance premium.  
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show the advanced payment of an insurance policy.  
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FOB destination   show
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show the buyer pays the shipping cost.  
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bankcard fee   show
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show notifies suppliers of a return or to request and allowance of merchandise purchased.  
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Accounts Payable   show
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Cost of Merchandise Accounts   show
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Created by: rweynand
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