Chapter 5, Problem S5B.15SE

E5-18 Using accounting vocabulary
Learning Objectives 1, 2,3
Match the accounting terms with the corresponding definitions.

1. The cost of the merchandise inventory that the business hat told to customers,
   
2. An amount granted to the purchaser at an incentive to keep goads that are not '« ordered."
3. a type at merchandiser that buys merchandise either from a manufacturer or a wholesaler and then sells those goods to consumers.
4. A situation in which the buyer takes ownership (title) at the delivery destination point,
5. A type of merchandiser that buys goods from manufacturersand then sells them to retailers.
6. A discount that businesses offer to purchasers as an incentive for early payment.
7. A situation in which the buyer takes title to the goods after the goods leave the seller’s place of business.
8. The terms of purchase or sale as stated cm the invoice.
9. A seller's request for cash from the purchaser.