Parson Sales & Cash Receipts - Merch Business
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show | subsidiary ledger
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show | cash discount
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An account whose balance decreases another account's balance is a(n) ____ | show 🗑
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A(n) ___ is a credit card issued by a bank and honored by many buisinesses | show 🗑
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show | Receipt or Cash Receipt
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show | Retailer
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A(n) ___ is a transaction that occurs when a business receives full payment for the merchandise sold at the time of the sale | show 🗑
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A form that lists the details of a sale and is used as a record of the transaction is a(n)____ | show 🗑
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show | Accounts Receivable subsidiary ledger
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show | Cash receipt or Receipt
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The goods a business buys for resale to customers are known as ______ | show 🗑
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show | Charge customer
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Merchandise returned to the seller for full credit is a(n) ____ | show 🗑
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show | Controlling Account
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show | Sales Tax
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show | Credit Terms
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A(n) ___ is a business that sells to retailers. | show 🗑
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show | Credit Card.
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The items of merchandise a business has in stock are referred to as _____. | show 🗑
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A(n) ___ permits a customer to pay for the merchandise at a later date. | show 🗑
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An example of a(n) __ is Wal-Mart. | show 🗑
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A(n) ___ is a document prepared by the seller granting credit for damaged or returned merchandise. | show 🗑
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A price reduction granted by a business for damaged goods kept by the customer is called a(n) ___. | show 🗑
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The revenue account for a merchandising business is ____. | show 🗑
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A cash discount issued by the seller is a(n) ___. | show 🗑
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show | Sales Journal
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A column total written in small pencil figures is called a(n) ___> | show 🗑
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show | Cash Receipts Journal
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A(n) ____ is a report listing each charge customer's name and account balance and the total amount due from all charge customers | show 🗑
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A(n) ___, which simplifies the journalizing and posting process, has special columns that are used for recording specific types of business transactions. | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
yparson
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