Across
- 1. The price after the trade discount has been deducted from the list price
- 4. The total shares of ownership in a
- 6. The assets or other financial resources available to a business
- 13. Goods that a business purchases to sell
- 15. The goods a business has on hand for sale to customers
- 16. The period of time during which a customer may take a cash discount
- 17. When a company that has purchased merchandise on account takes a cash discount
- 18. The date by which an invoice must be paid
- 19. A business from which merchandise, supplies, or other assets are purchased.
Down
- 2. An account in a general ledger that summarizes all accounts in a subsidiary ledger
- 3. The owner of one or more shares of stock
- 5. A form requesting that a vendor sell merchandise to a business
- 7. A form requesting the purchase of merchandise
- 8. The maximum outstanding balance allowed to a customer by a vendor
- 9. The retail price listed in a catalog or on an Internet Site
- 10. A deduction that a vendor allows on an invoice amount to encourage prompt payment
- 11. A reduction in the list price granted to a merchandising business
- 12. A journal used to record only one kind of transaction
- 14. A list of assets, usually containing the value of individual items.