Chapter 14 Vocab

A business that sells to the final user, the consumer.

• Retailer

• Wholesaler

• Buyer

• Seller

A business that sells to the retailers.

• Retailer

• Buyer

• Seller

• Wholesaler

Goods bought to resell to customers

• Stock

• Inventory

• Merchandise

• Sales

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

The items of merchandise a business has in stock.

• Inventory

• Goods

• Merchandise

• Products

A revenue account to record the amount of the merchandise sold

• Sales

• Revenue

• Income

• Receivable

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

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

• Charge Customer

• Sale on account

• Accounts Payable

• Accounts Receivable

A customer to whom a sale on account is made.

• Customer

• Buyer

• Charge Customer

• Purchaser

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

A card issued by a business

containing a customer’s name and

account number that facilitates the

sale on account.

• Credit Card

• Insurance Card

• Debit Card

• Cash Card

A form that lists the details

of a sale.

• Receipt

• Sales Slip

• Sales Card

• Sales Return

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

A tax levied by a city or

state on the retail sale of goods and services.

• Sales Tax

• Revenue Tax

• Income Tax

• Salaries Tax