Accounting ch 14 Word Scramble
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| Question | Answer |
| Contra-Cost Accounts | Accounts that are deducted from the purchases account when computing cost of goods sold - Purchases Returns and Allowances, and Purchase Discounts. |
| Contra-Revenue Accounts | Accounts that are deducted from Sales on the income statement - Sales Returns and Allowances, and Sales Discounts. |
| Inventory Short and Over | An account used to adjust the perpetual inventory records when a difference exists between the physical count and the amount in the perpetual inventory records. |
| Unearned Revenue | Cash received in advance of. Delivering a product or performing a service. |
Created by:
dengler
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