Crossword Puzzle

Accounting - Chapter 10

Across

  1. A special journal used to record only cash receipt transactions. (cashreceiptsjournal)
  2. A form prepared by the vendor showing the amount deducted for returns and allowances. (creditmemorandum)
  3. An occasion when something is sold and payment is made immediately (cashsale)

Down

  1. A percentage of sales paid by the customers imposed by some states and some cities (salestax)
  2. A special journal used to record only sales of merchandise on account (salesjournal)
  3. A sale in which a credit card is used for the total amount of the sale at the time of the transaction. (credit-cardsale)
  4. The merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer, and indicates the options for the customer to make payment. (point-of-sale(pos))
  5. The report that summarizes the cash and credit card sales of a point-of-sale terminal. (terminalsummary)
  6. A report of credit card sales produced by a point-of-sale terminal. (batchreport)
  7. The process of preparing a batch report of credit card sales from a point-of-sale terminal. (batchingout)
  8. A reduction in the price of a product or service that is offered by the seller, in exchange for early payment by the buyer. (salesdiscount)

["salesreturn", "salesallowance"]

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