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Parson Sales & Cash Receipts - Merch Business

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Question
Answer
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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Created by: yparson
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