Chap 14 Powerpoint

A business that sells to the final user, the consumer

• Retailer

• Wholesaler

• Merchandise

• Inventory

A business that sells to the retailers

• Retailers

• Wholesalers

• Business

• Seller Person

Goods bought to resell to customers

• Merchandise

• Inventory

• Goods

• Jams

The items of merchandise a business has in stock

• Items

• Stock

• Merchandise

• Inventory

A revenue account to record the amount of the merchandise sold.

• Revenue

• Merchandise

• Sales

• Assets

The sale of merchandise that will be paid for at a later date

• Sale on account

• Charge Customer

• Credit Card

• Merchandise

A customer to whom a sale on account is made

• Customer Sale

• Merchandise sale

• Charge customer

• Sale on account

A card issues by a business containing a customer's name and account number that facilitates the sale on account.

• Credit Card

• Account Sales

• Business Card

• Customer Card

A form that lists the details of a sale.

• Sales Slip

• Sales Tax

• Credit terms

• Receipt

A tax levied by a city or a state on the retail sale of goods and services

• Sales Tax

• Credit Terms

• Sales Slip

• State Tax