Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Chapter 11 vocab

A person or business to whom merchandise or services are sold Customer
A tax on a sale of merchandise or services Sales Tax
Businesses must file reports with the proper government unit and pay the amount of ______ Sales Tax Collected
May be on account or for cash; Increases revenue of a business Sale of Merchandise
When revenue is recorded at the time goods or services are sold Realization of Revenue
A sale for which cash will be received at a later date Sale on Account
A special journal used to record only sales of merchandise on account Sales Journal
A form describing the goods or services sold, the quantity, and the price Invoice
A source document is prepared for each transaction Objective Evidence
An invoice for a sale on account Sales Invoice
A sale on account is considered to be a sales invoice Sales Invoice via Seller
A sale on account is considered to be a purchase invoice Sales Invoice via Customer
A sale in which cash is received for the total amount of the sale at the time of the transaction Cash Sale
A sale in which a credit card is used for the total amount of the sale at the time of the transaction Credit Card Sale
A special journal used to record only cash receipt transactions Cash Receipts Journal
Is printed at the end of each week and used as a source document Tape
Decreases future amounts to be collected from a customer Cash Receipt on Account
Cash on hand at beginning of the month + Cash received - Cash Paid = Cash balance on hand at end of month Cash Proof, steps used
Created by: echavez0195
Popular Accounting sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards