Accounting Chapter 9

The amount a business pays for goods it purchases to sell.

• purchase order

• special journal

• cost of merchandise

• requisition

A form requesting the purchase of merchandise.

• special journal

• terms of sale

• purchase on account

• requisition

A form requesting that a vendor sell merchandise to a business.

• special amount column

• purchase order

• purchases journal

• cost of merchandise

A journal used to record only one kind of transaction.

• purchase invoice

• special journal

• requisition

• purchase on account

A transaction in which the items purchased are to be paid for later.

• purchase on account

• terms of sale

• purchase invoice

• special amount column

A special journal used to record only purchases of merchandise on account.

• • special journal

• • purchase order

• purchases journal

• • terms of sale

A journal amount column headed with an account title.

• cost of merchandise

• • purchase invoice

• terms for sale

• • special amount column

An invoice used as a source document for recording a purchase on account transaction.

• • purchase invoice

• due date

• purchases journal

• terms of sale

An agreement between a buyer and a seller about payment for merchandise.

• • special amount column

• due date

• • requisition

• terms of sale

The date by which an invoice must be paid.

• • cost of merchandise

• due date

• • special journal

• • purchase invoice