vocab

7. A ledger that is summarized in a single general ledger account.
8. the total shares of ownership in a corporation.
10. a legal document that identifies basic characteristics of a corporation.
12. the assets or other financial resources available to a business.
14. A business that buys and resells merchandise primarily to other merchandising businesses.
15. A business from which merchandise, supplies, or other assets are purchased.

1. A merchandising business that sells to those who use or consume the goods.
2. Goods that a business purchases in order to sell.
3. Each unit of ownership in a corporation.
4. An account in a general ledger that summarizes all accounts in a subsidiary ledger.
5. The owner of one or more shares of stock.
6. the subsidiary ledger containing vendor accounts.
9. An organization with the legal rights of a person which many persons or other corporations may own.
11. the legal right for a business to conduct operations as a corporation.
13. A business that purchases and resells goods