Rice Acctg Ch9 Set4 Word Scramble
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| Question | Answer |
| trade discount | reduction in the list price granted to customers |
| contra account | an account that reduces a related account on a financial statement |
| cash short | petty cash on hand account that is less than recorded amount |
| cash over | a petty cash on hand account that is more than a recorded amount |
| purchases return | credit allowed for the purchase price of returned merchandise |
| purchases allowance | credit allowed for part of the purchase price of merchandise that is not returned |
| debit memorandum | form prepared by the customer showing the price deduction taken by the customer for returns and allowances |
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lrice@penncrest.org
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