Chapter 9&10 Accounting Vocab

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Across
  1. 1. an owner of one or more shares of a corporation
  2. 3. a detailed listing of all the vendors that your company owes money
  3. 5. a journal used to record only one kind of transaction
  4. 9. group of similar accounts whose combined balances equal the balance in a specific general ledger account
  5. 13. a journal amount column headed with an account title
  6. 14. reduction in the price of a product or service that is offered by the seller, in exchange for early payment by the buyer
  7. 17. a specialized accounting journal and it is also a prime entry book used in an accounting system to keep track of the sales
  8. 19. an invoice used as a source document for recording a purchase on account transaction
  9. 20. a business that buys and resells merchandise to retail merchandising businesses
  10. 21. from the supplier to the purchaser, to reduce the payment amount if the payment is made within a certain period of time
Down
  1. 2. type of business that purchases mechandise to then be sold to a customer
  2. 4. The conditions the parties agree to follow in the trade of a good or service
  3. 6. manages all cash inflows of a business organization
  4. 7. represent the equity ownership of a corporation
  5. 8. the amount added to the cost price of goods to cover overhead and profit.
  6. 10. a business from which merchandise is purchased or supplies or other assets are bought
  7. 11. a subledger in which is recorded all credit sales made by a business
  8. 12. abbreviation for point of sale
  9. 15. amount by which a manufacturer reduces the retail price of a product when it sells to a reseller
  10. 16. record of all acquisitions made on credit during a period
  11. 18. process of formally requesting a service or item