Accounting Vocab

1. Goods that a business purchases to sell.

1. A business that purchases and resells goods.

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

1. business that buys and resells merchandise primarily to other merchandising businesses.

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

1. The assets or other financial resources available to a business.

1. A unit of ownership in a corporation

• The owner of one or more shares of stock. 

• The total shares of ownership in a corporation.

• A legal document that identifies basic characteristics of a corporation, which is a part of the application submitted to a state to become a corporation