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WorksheetsAccounting Fundamentals Accounts Payable
Total questions: 11
Worksheet time: 6mins
accounting entries representing the money a company owes to creditors for items purchased on credit
Accounts Receivable
Accounts Payable
Purchase Order
Cash Account
person or business which provides goods and services to a company
Retailer
wholesaler
Vendor
tradesman
document or file which provides information about company vendors
chart of accounts
bank statement
purchase order
vendor file
document provided to companies when they buy items on account
vendor invoice
charge slip
receipt
bank statement
lists all amounts owed from previous invoices
chart of accounts
bank statement
vendor statement
general journal
provides information about when an invoice is due
bank statement
general journal
charge slip
credit terms
document which authorizes a buyer to receive goods/services from a seller
vendor invoice
charge slip
purchase order
signature card
used to indicate the goods listed on the purchase order which were actually received
receiving report
inventory
charge slip
general journal
used to track accounts payable transactions in more detail
accounts receivable ledger
accounts payable subsidiary ledger
purchase journal
vendor invoice
report which lists all amounts which are owed by a business; further ensures which accounts payable entries are properly recorded
bank statement
general ledger
schedule of accounts payable
general journal
business receives goods or services and promises to pay at a later date; also referred to as “purchasing on credit”
charge slip
accounts receivable
accounts payable
purchase on account
