Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read 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.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
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

accounting vocab 5/2


net purchases purchasesa less purchasediscount and purchase returns and allowances
net sales revenue sales revenue less sales discount and sales returns and allowances
operating expenses expenses other than the cost of goods sold thta are incurred in the entities major line in buisness ... ex. wages rent depreceation utilities
operating income gross profit minus operating expenses plus any other operating revenues. also called income from operations
other expenses expense that is outside to the main operations of a buisness such as loss on the sale of plant assets
other revenue revenue that is outside the main operations of a buisness such as a loss on a sale of plant asset
other expenses expenses that is outside of a main company
periodic inventory system a system on which the buiness does not keep a continuous record of inventory
perpetual inventory system the accounting inventory inventory system in which the buisness keeps az running record of inventory and cost of goods sold
sales sales revenue
sales discount reduction in the amount receivable from a coustomer offeered by the seller as an incentive for the customer to pay promptly
sales return and allowances decreases in the sellers receivable from the
Created by: Dan Muszynski