Matching Pairs Accounting Ch 9 Terms 2Online version Match the term with its definition. by Kerri Stegman 1 An inventory determined by keeping a continuous record of increases, decreases, and the balance on hand of each item of merchandise 2 A ledger that is summarized in a single general ledger account 3 A journal used to record only one kind of transaction 4 An account in a general ledger that summarizes all accounts in a subsidiary ledger 5 The amount a business pays for goods it purchases to sell 6 The goods a business has on hand for sale to customers 7 A form requesting the purchase of merchandise 8 A list of assets, usually containing the value of individual items 9 Merchandise inventory evaluated at the end of a fiscal period 10 When a periodic inventory is conducted by counting, weighing, or measuring items of merchandise on hand 11 The subsidiary ledger containing vendor accounts 12 A form requesting that a vendor sell merchandise to a business purchase order requisition perpetual inventory special journal cost of merchandise inventory physical inventory subsidiary ledger accounts payable ledger periodic inventory controlling account merchandise inventory
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