Across
- 3. an account that reduces related account for a financial statement
- 5. date when the invoice must be paid
- 6. journal that only records one kind of a transaction
- 7. when a company purchased merchandise on account takes a cash discount
- 8. special journal used to only record cash transactions
- 9. journal headed with an account title
- 10. form so the vendor can sell merchandise
- 12. are each of the units of ownership in a certain corporation.
- 14. is the inventory that is determined by keeping a continuous record of its increases and decreases and the balance of each item.
- 16. is an organization that has the legal rights of a person and other corporations they own.
- 18. are the shares of the ownership that are in a business/corporation.
- 21. is a ledger that is a single general ledger account.
- 22. is the legal document where it shows basic characteristics of a certain corporation.
- 25. price after trade discount has been deducted
- 26. a reduction in list price granted to merchandising business
- 27. are the goods that a company or business purchases in order to sell.
- 29. is an account that is in a general ledger that reviews all the accounts in a subsidiary ledger.
- 32. retail price listed in a catalog or internet site
- 34. is a business that resells goods as well as purchasing goods.
- 35. is the assets or other financial resources that are available to a certain business.
- 36. are the goods that a business has in stock for sale to customers.
- 37. is the owner of shared stocks.
- 38. listing of vendor accounts, account balance, and total amount that is due for all vendors
Down
- 1. special journal used to record only merchandise
- 2. the period of time when a customer may take a discount
- 4. is the leger that contains the vendor accounts.
- 11. a periodic inventory is counted when counting, weighing, or measuring things of merchandise
- 13. business is when that business buys and resells merchandise primarily to other merchandising businesses.
- 14. invoice used as a source document to record purchase on account
- 15. the amount a business pays for goods
- 17. is a business where supplies and merchandise can be purchased.
- 19. amount column that is not headed
- 20. is the merchandise evaluated at the end of the financial period.
- 23. agreement between buyer and seller about payment for merchandise
- 24. maximum balance allowed to a consumer by a vendor
- 28. is a list of assets that contains the value of all individual items.
- 30. transaction where the items purchased are paid for later
- 31. deduction that vendors allow on invoice amount for prompt payment
- 33. requesting the purchase of merchandise