Across
- 3. a transaction in which the business received pull payment for the merchandise sold at the time of sale
- 6. the sale of merchandise that will be paid for a later date
- 10. the amount a customer can deduct from the total owed for purchased merchandise if payment is made within a certain time
- 11. a business that sells to the retailers
- 13. a form that lists the details of a sale
- 14. terms that state the time allowed for payment for a sale on account
- 16. a price reduction granted for damaged goods kept by the customer
- 17. the cash received by a business in a single transaction
- 18. a customer to whom a sale on account is made
- 20. a card issued by a business containing a customers name and account number that facilitates the sale on account
- 21. an account whose balance is a decrease to its related account
Down
- 1. amount owed to a business by customers for goods or services provided on credit
- 2. the items of merchandise a business has in stock
- 4. a separate ledger that contains accounts for each charge customer
- 5. any merchandise returned for credit or a cash refund
- 7. goods bought to resell to customers
- 8. Sales Returns & Allowances is what type of account?
- 9. a revenue account to record the amount of merchandise sold
- 12. an account that serves as a control on the accuracy of the account balances in the subsidiary ledger
- 15. a tax levied by a city or state on the retail sale of goods and services
- 19. a business that sells to the final user, the consumer