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17 Cards in this Set
- Front
- Back
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A written request that certain items be ordered.
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purchase requisition
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A written offer to a supplier to buy certain items.
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purchase order
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A form that lists the items included in the shipment (box).
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packing slip
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A stamp placed on a creditor's invoice that outlines the steps in processing the invoice for payment.
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processing stamp
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Term used by the buyer to refer to a cash discount offered for early payment.
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purchases discount
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The period of time within which an invoice must be paid if a discount is to be taken.
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discount period
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The account used to record the cost of merchandise purchased.
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purchases account
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The actual cost to the business of the merchandise sold to customers.
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cost of merchandise
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A separate ledger that containes accounts for all creditors.
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accounts payable subsidiary ledger
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A file that contains a folder for each day of the month.
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tickler file
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The return to the supplier for full credit of merchandise bought.
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purchases return
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A price reduction given when a business kepps unsatisfactory merchandise bought.
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purchases allowance
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The form a business uses to notify its supplier (creditor) of a return or allowance.
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debit memorandum
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The amount paid for insurance.
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premium
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Shipping terms saying the supplier pays the shipping costs.
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FOB destination
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Shipping terms saying the buyer pays the shipping costs.
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FOB shipping point
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A fee charged for handling bank card sales slips based on the total dollar volume of sales processed.
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bankcard fee
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