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Accounting 1 - Ch. 9-10

Horizontales
The amount a business receives from the sale of an item of merchandise.
A special journal used to record only cash receipt transactions.
Goods that a business purchases in order to sell.
The source document for recording a purchase on account transaction.
A ledger that is summarized in a single general ledger account.
The subsidiary ledger containing customer accounts.
A deduction that a vendor allows on an invoice amount to encourage prompt payment.
A special journal used to record only sales of merchandise on account.
A tax on a sale of merchandise or services.
A report of credit card sales produced by a pointof-sale terminal.
Verticales
A sale in which the customer pays for the total amount of the sale at the time of the transaction.
The subsidiary ledger containing vendor accounts.
A business that purchases and resells goods.
A merchandise inventory evaluated at the end of a fiscal period.
An account in a general ledger that summarizes all accounts in a subsidiary ledger.
The report that summarizes the cash and credit card sales of a point-of-sale terminal. This is also known as a Z tape.
A cash discount on a sale taken by the customer
The amount a business adds to the cost of merchandise to establish the selling price.