Across
- 4. Revenue account with a balance that is opposite to that of it's related revenue account
- 7. Checks the company has written that have not been subtracted from the bank's record of the company balance
- 9. The amount of cash the firm expects to collect
- 10. Type of discount that represents a reduction in the listed price of a product or service
- 11. A fund used to pay for minor purchases
- 12. Discounts that represent a reduction, not in the selling price of a product or service, but in the amount to be paid by a credit customer
Down
- 1. Method used for tax purposes but is generally not permitted for financial reporting
- 2. that safeguard company's assets and improves accuracy
- 3. Ability of current new income to help us predict the future performance of a company
- 5. Matches the balance of cash in the bank account with the balance of cash in the company's records
- 6. Transactions should be separate among employees
- 7. Two or more people act in accordance to circumvent internal controls
- 8. A method where we account for uncollectible accounts.