Across
- 2. Records only one type of transxn
- 3. A reduction in list price (sale)
- 6. Journal used for only cash payments
- 7. Credit allowed for returning of merchandise
- 8. A business that sells to consumers
- 11. A cash discount on purchases taken by a customer
- 13. Petty cash is less than what is recorded
- 15. Price a business pays for goods it plans to sell
- 16. Amount added to the cost of merchandise in order to make a profit
- 18. Agreement btw buyer and seller
- 19. Petty cash is more than what is recorded
- 20. A business that resells merchandise to retailers
Down
- 1. Source doc for purchase of merchandise on acct
- 4. Organization with legal rights of a person
- 5. Records only purchase of merchandise on acct
- 7. Merchandise will be paid for at a later date
- 9. Goods a business buys to sell
- 10. Business expects to be in business for several years
- 12. Business from whom the merchandise is bought from
- 14. An account that reduces a related account
- 17. Retail list price