Rice Acctg Ch9 Set2 Word Scramble
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| Question | Answer |
| 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 |
| markup | The amount added to the cost of merchandise to establish a 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 |
Created by:
lrice@penncrest.org
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