Across
- 2. an account that reduces a related account on a financial statement
- 4. a transaction in which the items purchased are to be paid for later
- 6. a form requesting the purchase of merchandise
- 8. a journal amount column that is not headed with an account title
- 11. the owner of one or more share of stock
- 13. a special journal used to record only purchases of merchandise on account
- 14. the goods a business has on hand for sale to customers
- 15. an inventory determined by keeping a continuous record of increases, decreases, and the balance on hand of each item of merchandise
- 16. a ledger that is summarized in a single general ledger account
- 21. the date by which an invoice must be paid
- 25. a list of assets usually containing the value of individual items
- 26. the amount a business pays for goods it purchases to sell
- 28. an organization with the legal rights of a person which many persons may own
- 29. the subsidiary ledger containing vendor accounts
- 31. the price after the trade discount has been deducted from the list price
- 32. the retail price listed in a catalog or on an internet site
- 33. a reduction in the price granted to a merchandising business
- 35. a merchandising business that sells to those who use or consume the goods
- 37. a journal amount column headed with an account title
- 39. a business that buys goods to sell
- 40. a merchandise inventory evaluated at the end of a fiscal period
- 41. a deduction that a vendor allows on an invoice amount to encourage prompt payment
Down
- 1. an invoice used as a source document for recording a purchase on account transaction
- 3. assets or other financial resources available to a business
- 5. the total shares of ownership in a corporation
- 7. goods a business buys to sell
- 9. a listing of vendor accounts, account balances, and the total amount due to all vendors
- 10. buys and resells merchandise to other merchandising businesses
- 12. the maximum outstanding balance allowed to a customer by a vendor
- 17. a special journal used to record only cash payment transactions
- 18. a legal document that identifies basic characteristics of a corporation
- 19. a periodic inventory conducted by counting, weighing, or measuring items of merchandise on hand
- 20. a business from which merchandise supplies or other assets are purchased
- 22. an agreement between a buyer and a seller about payment for merchandise
- 23. the account that summarizes all accounts in the subsidiary ledger
- 24. a journal used to record only one kind of transaction
- 27. the legal right for a business to conduct operations as a corporation
- 30. purchasing merchandise on account and taking a cash discount
- 34. each unit of ownership in a corporation
- 36. the period of time during which a customer may take a cash discount
- 38. a form requesting that a vendor sell merchandise to a business