| Accounts receivable ledger | Subsidiary ledger listing individual customer accounts.
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| Cash discount | Reduction in the price of merchandise granted by a seller to a buyer when payment is made within the discount period.
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| Cash Receipts Journal | Special journal normally used to record all receipts of cash.
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| Columnar journal | Journal with more than one column.
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| Controlling account | General ledger account, the balance of which (after posting) equals the sum of the balances in its related subsidiary ledger.
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| Credit memorandum | Notification that the sender has credited the recipient's account in the sender's records.
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| Credit period | Time period that can pass before a customer's payment is due.
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| Credit terms | Description of the amounts and timing of payments that a buyer (debtor) agrees to make in the future.
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| Discount period | Time period in which a cash discount is available and the buyer can make a reduced payment.
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| EOM | Abbreviation for end of month; used to describe credit terms for credit transactions.
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| General journal | All-purpose journal for recording the debits and credits of transactions and events.
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| Merchandise | Goods that a company owns and expects to sell to customers; also called merchandise inventory.
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| Merchandiser | Entity that earns net income by buying and selling merchandise.
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| Retailer | Intermediary that buys products from manufacturers or wholesalers and sells them to consumers.
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| Sales discount | Term used by a seller to describe a cash discount granted to buyers who pay within the discount period.
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| Sales journal | Journal normally used to record sales of goods on credit.
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| Schedule of accounts receivable | List of the balances for all accounts in the accounts receivable ledger and their total.
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| Special journal | Any journal used for recording and posting transactions of a similar type.
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| Subsidiary ledger | List of individual sub-accounts and amounts with a common characteristic; linked to a controlling account in the general ledger.
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| Wholesaler | Intermediary that buys products from manufacturers or other wholesalers and sells them to retailers or other wholesalers.
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