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