| A | B |
|---|
| Bankcard fee | it is usually based on the total dollar volume of the bank card sales processed. |
| Due dates | the date by which an invoice must be paid. |
| Debit memorandum | a form prepared by the customer showing the price deduction taken by the customer for returns and allowances. |
| Packing slip | a form that lists the items included in a shipment. |
| Purchase requisition | a written request that a certain item or items be ordered. |
| FOB shipping point | shipping terms specifying that the buyer pays the shipping charge from the supplier’s shipping point. |
| Tickler file | invoices are placed in the folders according to their due dates. |
| Processing stamp | placed on a creditor’s invoice that outlines the steps to be followed in processing the invoice for payment. |
| Purchases discount | a cash discount on purchases taken by a customer. |
| Purchase order | a completed form authorizing a seller to deliver goods with payment to be made later. |
| Purchases | the account used to record the cost of merchandise purchased during a fiscal year. |
| Cost of merchandise | the actual cost to the business of the merchandise sold to the customers. |
| Discount period | the period of time within which an invoice must be paid if a discount is to be taken. |
| FOB destination | shipping terms specifying that the supplier pays the shipping costs to the buyer’s destination. |
| Premium | the amount paid for insurance. |
