Can anyone help me with Accounting?! PLZ! Match the terms in column I with the descriptions in Column II: Potential Matches: 1 : journal used to record purchased merchandise with cash 2 : a journal used to record all cash receipts transactions 3 : the ability to pay at a later date 4 : a price reduction for damaged goods 5 : journal used to record merchandise purchased on account 6 : issued by corporations, such as American Express 7 : a temporary account under the cost of merchandise account 8 : one who buys on account and pays at a later date 9 : controlling account used for purchases made on credit 10 : guidelines and governing laws 11 : issued by a store to facilitates the sale on account 12 : time allowed for payment 13 : credit or ATM cards 14 : journal used to record cash payments on account 15 : amount deducted from original price 16 : a receipt prepared to indicate the source of the cash received from a customer 17 : lists items included in the shipment 18 : details of sales, such as date of sale and price 19 : journal used to record sales of merchandise on account 20 : controlling account used for customers who buy on credit Answer: A. the United Nation on contracts the international sale of goods B. accounts payable account C. credit option D. a non-bank credit card E. a store credit card F. a sales slip G. credit terms H. accounts receivable I. sales allowance J. cash receipt K. bank card L. a cash discount M. packing slip N. charge customer O. purchases account P. purchases journal Q. cash payment journal R. general journal S. sales journal T. cash receipt journal
what is your question?
Just Submitted It....
I see...mainly basic terminology. Which one do you not know?
All of them... I don't understand it
I have a degree in accounting, so I am going to direct you to the glossary in your accounting book. These are very self explanatory. Also there is a Finance group on this site. Let me know if there is anyone that you can not locate from reading and your glossary.
I don't have a glossary or a book. I take classes online.
It seems like someone already helped you out A LOT with your question, cynthia.
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