Chapter 9 Terms

12345678910111213141516171819
Across
  1. 2. Owner of one or more shares of stock
  2. 5. Type of inventory determined by keeping a continuous record of increases, decreases and the balance on hand of each item of merchandise
  3. 6. Goods that a business purchases to sell
  4. 11. An organization with the legal rights of a person which many persons or other corporations may own
  5. 12. A list of assets usually containing the value of individual items
  6. 14. Amount a business pays for goods it purchases to sell
  7. 15. Form requesting the purchase of merchandise
  8. 17. A listing of vendor accounts, account balances, and the total amount due to all vendors is the ______ of accounts payable
  9. 19. Type of inventory evaluated at the end of a fiscal period
Down
  1. 1. Issued by a state when it approves the formation of a corporation
  2. 3. Type of discount that is a deduction that a vendor allows on an invoice amount to encourage prompt payment
  3. 4. Type of discount with a reduction in the list price granted to a merchandising business
  4. 7. Type of ledger that is summarized in a single general ledger account
  5. 8. The assets or other financial resources available to a business
  6. 9. An account that reduces a related account on a financial statement
  7. 10. When a periodic inventory is conducted by counting, weighing or measuring items of merchandise on hand
  8. 13. Business from which merchandise, supplies, or other assets are purchased
  9. 16. Unit of ownership in a company
  10. 18. Type of account in a general ledger that summarizes all accounts in a subsidiary ledger