| A | B |
|---|
| Purchase Requisition | Wrriten request to purchase certain items; requesting and item |
| Purchase Order | Wrriten offer to a supplier to buy items |
| Packing Slip | Comes inside shipment of product and lists items included in shipment |
| Processing Stamp | Stamp placed on invoice so it can go through AP process |
| 2/10, n/30 | 2% discount if paid within 10 days of invoice date, otherwise due in full in net 30 days |
| AP Subsidiary Ledger | Individual suppliers/creditor's charge accounts are listed in alphabetical or numerical order |
| Tickler File | Special file for each day of month, invoices are placed by their due date |
| Schedule of AP | Listing of who is owed and added together to see if total equals normal AP account |
| Return | A physical return of goods |
| Allowance | Reduction from original price due to defective or damaged goods |
| Debit Memo | Source document used for Purchase Returns & Allowances transaction |
| FOB Destination | Free on Board, supplier pays shipping costs |
| FOB Shipping Point | Free on Board Shipping, buyer pays the shipping cost |
| Transportation In | Keeps record of all separately charged delivery costs on incoming purchased merchandise |
| Bankcard Fees | Expense, banks charge a % fee for handling slips |
