The period of time during which a customer may take a cash discount
A listing of vendor accounts, account balances, and the total amount due to all vendors
Is applied when a business's financial information is recorded and reported separately from the owner’s personal financial information
Is applied when financial statements are prepared with the expectation that a business will remain in operation indefinitely
Is applied when the actual amount paid for merchandise or other items bought is recorded
Is applied when revenue from business activities and expenses associated with earning that revenue are recorded in the same accounting period
Is applied when source document is prepared for each transaction
An account that reduces a related account on a financial statement
The maximum outstanding balance allowed to a customer by a vendor
When a company that has purchased merchandise on account takes a cash discount
historical cost
discount period
business entity
schedule of accounts payable
matching expenses with revenue
going concern
credit limit
objective evidence
contra account
purchases discount
