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13 Cards in this Set
- Front
- Back
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merchandise
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the manufactured goods bought and sold in any business
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merchandising business
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business that buys and sells goods
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retail merchandising business
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a merchandising business that sells to those who use or consume the goods
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wholesale merchandsing business
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business that buys and resales merchandise to a reatl merchandising business
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corporation
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an association of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members
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share of stock
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each unit of ownershuip in a corporation
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capital stock
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total shares of ownership in a corporation
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stockholder
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an owner of one or maore shares in a corporation
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Special journal
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a journal used to record only one kind of transaction
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Cost of merchandise
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a price a business pays for goods its going to sell
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markup
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the amount added to the cost of merchandise to establish the selling price
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vendor
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a person or agency that sells
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purchase on account
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a transaction in which the merchandise bought will be paid for later
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