Match the Accounting Terms with the Description by Entering the Proper

Short Answer

Match the accounting terms with the description by entering the proper letter in the space provided.
A. Cost of goods sold H. Purchases account
B. Freight In account I. Purchases discount
C. Purchase allowance J. Purchases journal
D. Purchase invoice K. Receiving report
E. Purchase order L. Sales discount
F. Purchase requisition M. Sales invoice
G. Purchase return N. Schedule of accounts payable
________ 1. A cash discount offered ⁴⁶
________ 1. A cash discount offered to the customer for payment within a specified period, on the books of the buyer
2. A bill received for goods purchased
________ 3. A special journal used to record the purchase of goods on credit
________ 4. A price reduction on a purchase from the amount originally billed
________ 5. A cash discount offered by the supplier for payment within a specified period, on the books of the seller
________ 6. Return to the supplier of unsatisfactory goods
________ 7. A supplier's billing document