| A | B |
|---|
| Merchandise | Goods that A business purchases to sell. |
| Merchandising Business | A business that purchases and resells goods. |
| Retail Merchandising Business | A merchandising business that sells to those who use or consume the goods. |
| Wholesale Merchandising Business | Buys and resells merchandise primarily to other merchandising businesses. |
| Corporation | Organization with legal rights of a person which many persons may own. |
| Capital | The assets or other financial resources available to a business. |
| Share of Stock | Each unit of ownership in a corporation. |
| Stockholder | The owner of one or more shares of stock. |
| Capital Stock | The total shares of ownership in a corporation. |
| Articles of Incorporation | Legal document that identifies basic characteristics of a corporation. |
| Charter | The legal right for a business to conduct operations at a corporation. |
| Vendor | A business from which merchandise, supplies or other assets are purchased. |
| Subsidiary Ledger | A ledger that is summarized in a single general ledger account. |
| Accounts Payable Ledger | The subsidiary ledger containing vendor accounts. |
| Controlling Account | An account in a general ledger that summarizes all accounts in a subsidiary ledger. |
