"Glencoe Accounting: Real-World Applications & Connections," Vocabulary from Chapter 14

This list focuses on accounting for sales and cash receipts (Unit 4, Chapter 14).

Here are links to all the chapters of Unit 4, The Accounting Cycle for a Merchandising Corporation: Chapter 14, Chapter 15, Chapter 16, Chapter 17, Chapter 18, Chapter 19, Chapter 20, Chapter 21

Here are links to all the units of the first-year accounting textbook published by McGraw-Hill: Unit 1, Unit 2, Unit 3, Unit 4, Unit 5, Unit 6, Appendixes
18 words 9 learners

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Full list of words from this list:

words only definitions & notes
  1. retail
    the selling of goods to consumers
  2. wholesale
    the selling of goods to merchants
  3. merchandise
    commodities offered for sale
  4. inventory
    a detailed list of all the items in stock
  5. customer
    someone who pays for goods or services
  6. credit
    arrangement for deferred payment for goods and services
  7. term
    a limited period of time during which something lasts
  8. subsidiary
    functioning in a supporting capacity
  9. allowance
    an amount added or deducted due to qualifying circumstances
  10. memorandum
    a written proposal or reminder
  11. receipt
    the act of receiving
  12. discount
    an amount or percentage deducted
  13. series
    similar things placed in order or one after another
  14. sequence
    serial arrangement in which things follow in logical order
  15. proportion
    relation with respect to comparative quantity or magnitude
  16. enable
    provide the means to perform some task
  17. indicate
    state or express briefly
  18. detect
    discover or determine the existence, presence, or fact of
Created on Wed Oct 19 17:05:03 EDT 2016 (updated Fri Oct 21 17:35:15 EDT 2016)

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