Inventory transactions for a trading firm

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Across
  1. 1. When a business returns inventory to a supplier.
  2. 5. When a customer returns inventory to a business.
  3. 7. The source document for a purchase return and sales return.
  4. 10. Liability that decreases when there is a purchase return.
  5. 13. Advertising using inventory leads to a decrease in this.
  6. 14. Liability that decreases when a business purchases inventory.
  7. 15. Asset that decreases when a business purchases inventory using cash.
Down
  1. 2. Asset that decreases when there is a sales return.
  2. 3. A strategy a trading firm may use to help protect its inventory.
  3. 4. Expense that increases when a business sells inventory.
  4. 6. Asset that decreases when there is a purchase return.
  5. 8. Indicates a purchase or sale of inventory has been made on credit.
  6. 9. Recorded in the IN column of an inventory card but does not involve purchasing inventory.
  7. 11. Drawings of inventory leads to a decrease in this.
  8. 12. Recorded in the OUT column of an inventory card and source document is a memo.