Accounting

1. ledger a ledger that is summarized in a single general ledger account
3. payable ledger a subsidiary ledger containing vendor accounts
6. inventory an inventory determined by keeping a continuous record of increases, decreases, and the balance on hand of each item of merchandise
10. of stock each unit of ownership in a corporation
11. a business from which merchandise, supplies, or other assets are purchased
12. assets or other financial resources available to a business
13. list of assets, containing the value of individual items
14. inventory merchandise inventory evaluated at the end of a fiscal period
15. of incorporation a legal document that identifies basic characteristics of a corporation
16. account an account in a general ledger that summarizes all accounts in a subsidiary ledger
19. an organization with the legal rights of a person which many persons or other corporations may own
20. inventory goods a business has on hand for sale to customers

2. owner of one or more shares of stock
4. merchandising business a business that buys and resells merchandise primarily to other merchandising businesses
5. of merchandise the amount a business pays for goods it purchases to sell
7. inventory when a periodic inventory is conducted by counting, weighing, or measuring items of merchandise on hand
8. business a business that purchases and resells goods
9. goods that a business purchases to sell
17. merchandising business a merchandising business that sells to those who use or consume the goods
18. stock total shares of ownership in a corporation
19. a legal right for a business to conduct operations as a corporation