| A | B |
|---|
| accounts payable subsidiary ledger | a separate ledger that contains accounts for all creditors |
| bankcard fee | a fee charged for handling bankcard sales slios |
| cost of merchandise | the actual cost to the business of the merchandise sold to customers |
| debit memorandum | the form business uses to notify its suppliers (creditors) of a return or to request an allowance |
| discount period | period of time within which an invoice must be paid if a discount is to be taken |
| due date | date by which an invoice must be paid |
| FOB destination | Shipping term specifying that the supplier pays the shipping cost to the buyer's desination |
| FOB shipping point | Shipping term specifying that the buyer pays the shipping charge from the suplier's shipping point |
| packing slip | A form that lists the items included in the shipment |
| premium | Amount paid for insurance |
| processing stamp | stamp placed on a creditor's invoice that outlines the steps to be followed in processing the invoice for payment |
| purchase order | written offer to a supplier to buy specified items |
| purchase requisition | written request that a specified items or items be ordered |
| Purchases account | the account used to record the cost of merchandise purchased during a period |
| purchases allownce | price reduction given when a business keeps unsatisfactory merchandise it has bought |
| purchases discount | the buyer's cash discount for early payment of an invoice on account |
| purchases return | the return of merchandise bought on account to the supplier for full credit |
| tickler file | file that contains a folder for each day of the month into which invoices are placed accordingly to their due dates |
