Accounting

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Author:
Anonymous
ID:
20462
Filename:
Accounting
Updated:
2010-05-23 19:33:45
Tags:
accounting
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Description:
chapter 14 accounting 1 semester 2
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  1. business that sells to wholesalers
    retailer
  2. business that sells to retailer
    wholesaler
  3. goods bought for resale
    merchandise
  4. items of merchandise the business has for sale
    inventory
  5. form that lists the details of a sale
    sale slip
  6. state the time allowed for customer to provide payment
    credit terms
  7. account whose balance equals the total of all account balances in subsidary ledger
    controlling account
  8. lists the details of a sales return or allowance
    credit memo
  9. balance decreases the balance of the related account
    contra account
  10. transcation in which money comes into the business
    cash receipts
  11. business recieves full payment for the merchandise sold at the time of the sale
    cash sale

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