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DE A2 C6 (skip space in between words)

DE Acct 1-Chp 5
Horizontales
A ledger containing separate accounts for each of the items making up the balance of a control account in the general ledger.
This inventory system of accounting for merchandising transactions in which the Inventory and Cost of Goods Sold accounts are kept up-to-date.
Merchandise intended for resale to customers.
A debit balance account that is offset against revenue in the income statement.
The cost to a merchandising company of the inventory it has sold to its customers during the period.
Gross profit expressed as a percentage of net sales. Also called gross profit rate.
An accounting record or device designed for recording large numbers of a particular type of transaction quickly and efficiently.
Verticales
A general ledger account that summarizes the content of a specific subsidiary ledger.
Gross sales revenue less sales returns and allowances and sales discounts. The most widely used measure of dollar sales volume; usually the first figure shown in an income statement.
This inventory system eliminates the need for recording the cost of goods sold as sales occur.
Net sales revenue minus the cost of goods sold.
The loss of merchandise through such causes as shoplifting, breakage, and spoilage.
The repeating sequence of transactions by which a business generates its revenue and cash receipts from customers.