Accounting Vocab 9-10

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Across
  1. 8. Goods that a business purchases in order to sell
  2. 10. An account in a general ledger that summarizes all accounts in a subsidiary ledger
  3. 11. A tax on a sale of merchandise or services
  4. 14. The process of preparing a batch report from a point of sale terminal
  5. 16. The owner of one or more shares of stock
  6. 18. The amount a business adds to the cost of merchandise to arrive at the selling price
  7. 20. A business from which merchandise, supplies, or other assets are purchased
  8. 21. merchandising business A merchandising business that sells to those who use or consume goods
  9. 22. A cash discount on a sale taken by a customer
  10. 24. Merchandising business A business that buys and resells merchandise primarily to other merchandising businesses
  11. 25. of incorporation A legal document that identifies basic chacteristics
  12. 27. A special journal used to record only sales of merchandise on account
Down
  1. 1. ledger A subsidiary ledger containing all accounts for charge customers
  2. 2. ledger A ledger that is summarized in a single general ledger account
  3. 3. The total shares of ownership in a corporation
  4. 4. payable ledger The subsidiary ledger containing vendor accounts
  5. 5. An organization with the legal rights of a person which many persons or other corporations may own
  6. 6. of Stock Each unit of ownership in a corporation
  7. 7. sale(POS) terminal A specialized computer used to collect, store, and report all the information about a sales transaction
  8. 9. The assets or other financial resources available to a business
  9. 12. A report of credit card sales produced by a point-of-sale terminal
  10. 13. The amount a business receives from the sale of an item of merchandise
  11. 15. The report that summarizes the cash and credit card sales of a point of sale terminal
  12. 17. receipts journal A special journal used to record only cash receipt transactions
  13. 18. business A business that purchases and resells goods
  14. 19. of accounts receivable A listing of customer accounts, account balances, and total amount due from all customers
  15. 23. The legal right for a business to conduct operations as a corporation
  16. 26. A sale in which the customer pays for the total amount of the sale at a time of the transaction