"Glencoe Accounting: Real-World Applications & Connections," Vocabulary from Chapter 15

This list focuses on accounting for purchases and cash payments (Unit 4, Chapter 15).

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
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Full list of words from this list:

words only definitions & notes
  1. purchase
    the acquisition of something for payment
  2. requisition
    an official form on which a request is made
  3. content
    the amount that can be contained
  4. quantity
    how much there is or how many there are of something
  5. process
    a particular course of action intended to achieve a result
  6. discount
    an amount or percentage deducted
  7. period
    an amount of time
  8. allowance
    an amount added or deducted due to qualifying circumstances
  9. debit
    an accounting entry acknowledging sums that are owing
  10. memorandum
    a written proposal or reminder
  11. premium
    payment for insurance
  12. destination
    the place designated as the end, as of a race or journey
  13. primary
    of first rank or importance or value
  14. obtain
    come into possession of
  15. benefit
    something that aids or promotes well-being
Created on Wed Oct 19 17:06:30 EDT 2016 (updated Fri Oct 21 17:35:35 EDT 2016)

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