Accounting Chapter 14

When a customer buys something with a promise to pay it is called a

A business that sells to final user.

The is a source document that results in credits to a customer account.

The Accounts Receivable  ___________ ___________ contain accounts for charge customers.

If a journal entry is incorrect you always have to make a correcting entry?

When a customer gets the full amount back for something they do not want it is called a

This is an offer for damaged goods a business gives to a customer.

This is issued by a bank and treated like cash in accounting transactions.

Sales is considered a (n) ______________ account for a merchandising business. 

Seller gives this to a charge customer to let them know their account will be decreased.

This account shows the amount of credit granted to a dissatisfied customer.

This is a list of accounts summarized in a controlling account in the general ledger.

Refers to cash that is received by a business.

Goods sold to a customer is credited to the Merchandise Inventory Account. 

This is what you call a customer who makes a sale on account.

This balances with its subsidiary ledger accounts.

__________is a levy in most states that customer have to pay for goods and services.

The _________ a business buys for resale to its customers is ___________.

Bank card sales are recorded like ___________.

Reduction in sales invoice given to customer for prompt payment.

Are source documents for recording cash sale and cash receipts from customers the same?

The Sales Discount is _________________ when it is increased.

The balance side of a ______account is always on the ______ side of the account it decreases.

This encourages charge customers to pay their bill on time.

Sales tax are considered a (n) ___________ to a business unti they are paid to the government. 

When a business has a computerized system for customer charge accounts they will be

What a customer uses when they charge something instead of buying with cash.

What a business has in stock.

A form that lists details of a sale such as date, name of customer, etc.

If a customer pays cash when he/she buys something it is called a(n)

A ___________ sells to ___________.

A time period a customer is given to pay off debts.

The diagnol line in posting is to show you posted