Select the One Term That Best Fits Each Definition

Select the one term that best fits each definition
-Credit allowed for part of the purchase price of merchandise that is not returned, resulting in a decrease in the customer's account payable to the vendor.

A) accounts payable ledger
B) book value of accounts receivable
C) controlling account
D) cost of merchandise sold
E) debt ratio
F) gross profit
G) Medicare tax
H) horizontal analysis
I) payroll register
J) purchases allowance
K) quick ratio
L) subsidiary ledger
M) supporting schedule
N) withholding allowance
O) working capital