Vendor definition - What is vendor?

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Accounting Instruction, Help, & How To
Published at : 28 Dec 2020
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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.
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