| A | B |
|---|
| Vendor | Sells merchandise or services |
| Cash | Cash is received immediately in this kind of sale |
| Mark up | Added to cost of merchandise to set selling price |
| Partner | Each member of a partnership |
| Cost of merchandise | What a business pays for purchases to sell |
| Wholesale | Type of business selling merchandise to retailers |
| Schedule | A list summarizing a subsidiary ledger |
| Retail | A merchandise business that sells to those who use the goods |
| Partnership | Two or more persons combine assets and skills |
| Terms of sale | An agreement about payment for merchandise |
| Customer | Buys merchandise or services |
| Subsidiary | A ledger summarized in a general ledger account |
| Merchandising | The kind of business that sells goods |
| Merchandise | Goods a business purchases to sell |
| Purchase invoice | Source document for purchase on account |
| Controlling | An account summarizing a subsidiary ledger |
| Sales Tax | Tax paid by customers |
