Parson Sales & Cash Receipts - Merch Business
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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A9n) ___ is a book that is summarized in a controlling account in the general ledger | show 🗑
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show | cash discount
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show | Contra Account
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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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A(n) ___ is a business that sells to the final user | show 🗑
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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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show | Sales Slip
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show | Accounts Receivable subsidiary ledger
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show | Cash receipt or Receipt
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show | Merchandise
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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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Many states and some cities require that a business add a(n) ____ or a percentage of the selling price of the goods, at the time of the sale. | show 🗑
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The ____ of a sale set out the time allowed for payment. | show 🗑
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show | Wholesaler
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A charge customer is entitled to charge merchandise with a(n) _____. | show 🗑
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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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show | Retailer or Merchandising Business
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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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show | Sales Allowance
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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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show | Footing.
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All transactions in which cash is received are recorded in the ______. | show 🗑
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show | Schedule of Accounts Receivable
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show | Special Journal
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Created by:
yparson
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