Match the accounting term with its correct definition.

Question $1$ options:

$1.$contains deductions from purchases for items returned to suppliers, as well as deductions allowed by suppliers for goods that are not returned

$2.$means that the buyer takes delivery of goods being shipped to it by a supplier once the goods arrive at the buyer's receiving dock

$3.$gross profit divided by sales

$4.$the real$-$time balances in merchandise inventory and cost of goods sold are not known until the physical inventory is counted at the end of the accounting period

$5.$the difference between sales revenue and cost of goods sold

$6.$means that the buyer takes delivery of goods being shipped to it by a supplier once the goods leave the supplier's shipping dock

$7.$an offer from the supplier to the purchaser, to reduce the payment amount if the payment is made within a certain period of time

$8.$the merchandise inventory account and cost of goods sold account are updated immediately when transactions occur

a$.$gross profit $($or gross margin$)$

b$.$gross profit percentage

c$.$perpetual inventory system

d$.$periodic inventory system

e$.$purchase returns and allowances

f$.$purchase discount

g$.$FOB shipping point

h$.$FOB destination