Vendor definition - What is vendor?

Vendor definition including break down of areas in the definition. Analyzing the definition of key term often provides more insight about concepts. Vendor can be defined as: Seller of good or services. We will often hear the seller in a truncation referred the vendor so it is important to know this term. It can also be difficult to differentiate the terms vendor and vendee, vendor being the seller and vendee being the buyer. We do not see the term vendee as often as vendor but it is easy to mix these to up. It can sometimes be difficult to know whether a book problem is referring to the vendor or vendee as well.
Why Learn Accounting - Financial Accounting / Managerial Accounting

101 Double Entry Accounting System Explained - Accounting Equation

101 Cash vs Accrual - Cash Method / Accrual method differenc

101 Revenue Recognition Principle

Double Entry Accounting System Explained - Balance Sheet

101 Income Statement Introduction

101 Accounting Objectives - Relevance Reliability Comparability

101 Transaction Rules - Accounting Equation

101 Transaction Throught Process / Steps - Accounting Equation

101 Owner Deposits Cash Transaction Accounting Equation

101 Work Completed for Cash Transaction Accounting Equation

100.110 Pay Employee with Cash Transaction Accounting Equati

200 Debits & Credits Normal Balance - Double Entry Accounting Sy

200 Debits & Credits - One Rule to Rule Them All

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