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Definition
| The form sent to the purchasing department so the purchasing staff knows what supplies are needed. |
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Definition
| The detachable portion showing the invoice number covered by the check. |
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Definition
| A form that is completed by listing each item when the merchandise arrives, or may be used to verify the item numbers and condition of the merchandise as it arrives. |
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Definition
| A form showing the merchandise sent to a vendor. |
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Definition
| The price at which an item is usually sold to the public. |
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Definition
| The final price paid after discounts are deducted. |
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Definition
| Companies that purchase raw materials to make finished products or merchandise. |
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Definition
| Extended to a business that pays its bill within a designated time period. |
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Definition
| A record of the sales transaction showing each item sold and the total price. |
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Definition
| A notice that a business has received a credit on its account for the amount of the returned merchandise. |
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Definition
| The buyer pays for shipping merchandise to its destination. |
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Definition
| Business that sells directly to the consumer. |
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Definition
| A reduction in the retail price of a product. |
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Definition
| The person who buys merchandise from one group and sells to another group, who in turn sells directly to you, the consumer. |
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Definition
| Conditions or terms of payment. |
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Definition
| Time between the invoice date and the discount date where the company is allowed a discount if they pay the invoice within the period. |
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Term
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Definition
| The net (n) is due at end of the month in which the invoice is dated. |
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Term
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Definition
| A 3% discount is calculated if the amount is paid during the first 10 days of the month after the month in the invoice date. For example: if the invoice is dated September 15, a 3% discount is taken as long as the invoice is paid on or before October 10. |
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Term
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Definition
| The net is due 30 days after the receipt of goods rather than the date of the invoice. |
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Term
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Definition
| A reduction from the list price of an item |
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Term
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Definition
| The decimal number calculated from the complement of the single trade discount. |
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