| A | B |
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| A written offer to a supplier to buy certain items is called a(n) _______ . | purchase order |
| The date an invoice must be paid is called the _______ . | due date |
| A(n) _______ is a written request that a certain item or items be ordered. | purchase requisition |
| The _______ is the actual cost to the business of the merchandise sold to customers. | cost of merchandise |
| When the supplier pays the shipping cost to the buyer’s destination or location, the term is called _______ . | FOB destination |
| Information placed on an invoice that outlines a set of steps to be followed in processing the invoice for payment is a(n) _______ . | processing stamp |
| The period of time within which an invoice must be paid in order to receive an amount off the invoice price is called a(n) _______ . | discount period |
| A(n) _______ is a document that lists the credit terms and the quantity, description, unit price, and total cost of the items shipped to the buyer. | invoice |
| A ledger that contains accounts for all creditors and the amount that is owed to each is the _______ . | accounts payable subsidiary ledger |
| The amount paid for insurance is called the _______ . | premium |
| The form that lists the items included in a shipment is called a(n) _______ . | packing slip |
| The account used to record the cost of merchandise purchased during the fiscal period is the _______ . | Purchases account |
| A cash discount that suppliers often offer credit customers for early payment is a(n) ______ . | purchase discount |
| Merchandise returned by the buyer to the supplier for full credit is a(n) _______ . | purchases return |
| An amount charged by a bank for handling a business’ bankcard sales slips is a(n) ______ . | bankcard fee |
| A(n) _______ contains invoices to be paid, arranged by their due dates. | tickler file |
| A business receives a(n) _______ when it keeps unsatisfactory merchandise, but pays less than the original price. | purchases allowance |
| The source document prepared by the buyer to notify the seller that the seller’s account is to be decreased is called a(n) _______ . | debit memorandum |
| Shipping terms of _______ means that the buyer pays the shipping charge from the supplier’s shipping point. | FOB shipping point |
