ACTG M12

entity that earns profit by buying and selling of goods.

(a)  

is the one who buys in bulk from manufacturer or another wholesaler and sells them in bulk ro other wholesaler or retailer.

(a)  

buys merchandise from the manufacturer or wholesaler and sells them by piece to ultimate consumers.

(a)  

BUYS PRODUCTS BUT MAY NOT BE THE END USER.

(a)  

ANYONE WHO USES OR CONSUMES THE PRODUCTS.

(a)  

Whenever we buy we can used the Account Title

(a)  

Whenever we sell we can used the Account Title

(a)  

DEDUCTIONS FROM THE INVOICE PRICE WHEN PAYMENT IS MADE WITHIN THE DISCOUNT PERIOD.

(a)  

THE PURPOSE OF CASH DISCOUNT IS TO ENCOURAGE ______ _______

(a)  

POINT OF VIEW OF THE BUYER

• Purchase Discount

• Sales Discount