An agreement between buyer and seller about payment for merchandise
A special journal used to record only purchases of merchandise on account
A deduction that a vendor allows on an invoice amount to encourage prompt payment
The price after the trade discount has been deducted from the list price
A journal amount column headed with an account title
The date by which an invoice must be paid
The retail price listed in a catalog or on an Internet site
A special journal used to record only cash payment transactions
A journal amount column that is not headed with an account title
A transaction in which the merchandise purchased is to be paid for later
An invoice used as a source document for recording a purchase on account transaction
A reduction in the list price granted to a merchandising business
cash discount
due date
purchases journal
purchase invoice
net price
terms of sale
special amount column
general amount column
purchase on account
list price
cash payments journal
trade discount
