Across
- 2. Calculated as the cost of merchandise available for sale less the ending merchandise inventory
- 3. The value determined by actually counting all of the merchandise on hand
- 6. The total dollar value of goods on hand for resale
- 7. A business that typically buys merchandise from wholesalers and sells it to customers
- 9. A cash reduction off the invoice price, offered to encourage early payment
- 10. A continuous record of all merchandise on hand
- 12. The type of company where the cost of goods sold is a major expense
Down
- 1. The account used to record the cost of transporting merchandise to the retailer's place of business
- 4. A contra revenue account used by the seller to record merchandise returned by a customer
- 5. This type of company sells services, not products
- 8. The total revenue less the cost of goods sold
- 11. A supporting statement that provides details of an item on a main statement