Across
- 4. A business that purchases and resells goods
- 5. An account in a general ledger that summarizes all accounts in a subsidiary ledger
- 8. A cash discount taken by a company that has purchased merchandise on account
- 10. A reduction in the list price granted to a merchandising business
- 12. A journal used to record only one type of transaction
- 14. A periodic inventory conducted by counting or otherwise measuring items of merchandise on hand
- 20. A list of assets and their values
- 22. The subsidiary ledger containing vendor accounts
- 25. A continuous record of increases, decreases, and the balance of each item of merchandise
- 27. An organization with the legal rights of a person which many persons or other corporations may own
- 29. A discount a vendor allows to encourage prompt payment
- 30. The maximum outstanding balance allowed to a customer by a vendor
- 31. A special journal used only for recording cash payments
- 35. A merchandise inventory evaluated at the end of a fiscal period
- 37. A unit of ownership in a corporation
- 38. The date by which an invoice must be paid
- 39. Goods that a business purchases to sell
- 40. A form requesting purchase of merchandise
- 41. The goods a business has on hand for sale to customers
Down
- 1. The period of time in which a customer may take a cash discount
- 2. A business from which merchandise, supplies or other assets are purchased
- 3. A merchandising business that sells to those who use or consume the goods
- 6. A ledger summarized in a single general ledger account
- 7. A legal document that identifies basic characteristics of a corporation
- 9. An account that reduces a related account on a financial statement
- 11. A form requesting that a vendor sell merchandise to a business
- 13. The price after a trade discount is deducted from the list price
- 15. The source document for a purchase on account transaction
- 16. A journal amount column not headed with an account title
- 17. The price listed for an item
- 18. A business that buys and resells merchandise primarily to other merchandising businesses
- 19. A transaction in which merchandise is paid for at a later date
- 21. A list of vendor accounts and the amounts owed to each
- 23. The owner of one or more shares of stock
- 24. A journal amount column with an account title
- 26. An amount a business pays for goods purchased for sale
- 28. The total shares of ownership in a corporation
- 32. A special journal used only to record purchases of merchandise on account
- 33. An agreement between a buyer and seller about payment for merchandise
- 34. The assets or other financial resources available to a business
- 36. The legal right for a business to conduct operations as a corporation