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Match each phrase with its definition Match each phrase with its definition. Goods a company owns and expects to sell to its customers 2. Time

image text in transcribed Match each phrase with its definition

Match each phrase with its definition. Goods a company owns and expects to sell to its customers 2. Time period that can pass before a customer's full payment is due. Seller's description of a cash discount granted to buyers in return for early payment 4. Ownership of goods is transferred when the seller delivers goods to the carrier. Purchaser's description of a cash discount received from a supplier of goods. 6. Difference between net sales and the cost of goods sold. T Time period which a cash discount is available & Ownership of goods is transferred when delivered to the buyer's place of business.

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