Chapter 14
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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| Accounts Receivable Subsidiary Ledger | show 🗑
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| show | The total amount a customer can deduct from the total owed for purchased merchandise if payment is made within a certain time; also called sales discount.
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| show | The cash received by a business in a single transaction.
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| Cash Sale | show 🗑
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| Charge Customer | show 🗑
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| Contra Account | show 🗑
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| show | An account that serves as a control on the balances in the subsidiary ledger; its balance must equal the total of all account balances in the subsidiary ledger.
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| show | A card, issued by a business and bearing a customer's account number, which facilitates the sale on account.
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| Credit Memorandum | show 🗑
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| show | Terms that state the time allowed for payment for a sale on account.
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| Inventory | show 🗑
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| show | Goods brought to resell to customers.
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| show | A business that sells to the final user, the customer.
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| show | The sale of merchandise that will be paid for at a later date.
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| Sales | show 🗑
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| Sales Allowance | show 🗑
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| show | Cash discount; The amount a customer can deduct from the total owed for purchased merchandise if payment is made within a certain time.
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| show | Any merchandise returned for credit or a cash refund.
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| show | A form that lists the details of a sale.
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| Sales Tax | show 🗑
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| Subsidiary Ledger | show 🗑
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| show | A business that sells to retailers.
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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:
jbowers21
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