Columns:
Rows:

Chapter 6 terms Word Search Puzzle

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Acctg Ch 6 Definitions
Cost of Merchandise Sold  The cost is reported as en expense when merchandise is sold.  
Gross Profit  Sales - CMS  
Merchandise Inventory  Unsold merchandise at end of an acctg period.  
Net Income  Gross Profit - Operating expenses  
Sales  The total amt charged customers for mdse sold, including cash sales and sales acct.  
Sales Ret. & Allow.  From the seller's view, returned mdse or an adjmnt. for defective mdse.  
Sales Discount  From the seller's view, discounts that a seller may offer the buyer for early payment.  
Net Sales  - sales ret. & allow. and sales discounts from sales.  

 
 
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