Chapter 9 Accounting Vocab

Goods that a business purchases to sell

• business

• share of stock

• capital

• merchandise

A business that purchases and resells goods

• wholesale merchandising business

• merchandising business

• capital stock

• share of stock

A merchandising business that sells to those who use or consume the goods

• retail merchandising business

• vendor

• wholesale merchandising business

• capital

buys and resells merchandise primarily to other merchandising businesses

• merchandise

• retail business

• wholesale merchandising business

• stockholder

A organization with the legal rights of a person which many persons or other corporations may own

The assets or other financial resources available to a business

Each unit of ownership in a corporation

• share of stock

• capital

• capital stock

• stockholder

The owner of one or more shares of stock

The total shares of ownership in a corporation

• corporation

• stock

• capital stock

• share of stock

A legal document that identifies basic characteristics of a corporation

• controlling account

• articles of corporation

• corporation

• subsidiary ledger