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Maplewood Rice Acctg Ch 9 Set 3

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