Accounting for Merchandising Operations Crossword Puzzle

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Accounting for Merchandising Operations Crossword Puzzle

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QUESTIONS LIST:

  • retailer : this is a term for a business or person that sells goods to the consumer, as opposed to a wholesaler or supplier.
  • debit note : this is a document sent by a buyer to its seller, or, in other words, a customer to the vendor, notifying that a debit has been made to their account.
  • credit note : this is a document sent by a seller to its buyer, or, in other words, a vendor to the customer, notifying that a credit has been provided to their account.
  • freight in : this is the transportation cost to ship goods into the buyer's warehouse.
  • cash discount : this is a deduction allowed by some sellers of goods or by some providers of services in order to motivate customers to pay within a specified time.
  • credit sale : this is a sale in which cash is not received at the time of the transaction. the goods are given on credit for the customer to pay at a later date.
  • fob destination : this term means that the seller pays shipping costs and remains responsible for the goods until the buyer takes possession.
  • cash sale : this is a sale in which cash is received for the total amount of the sale at the time of the transaction.
  • accounts payable : this is money owed by a company to its creditors.
  • purchase return : these are transactions where the buyer returns goods back to the seller.
  • accounts receivable : this is money owed to a company by its debtors.
  • wholesaler : this is a person or company that sells goods in large quantities at low prices, typically to retailers.
  • sales return : these are transactions where the seller accepts goods back from the buyer.
  • purchase order : this is a commercial document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
  • sales invoice : this is a document that provides details about the goods or services sold, their quantities, and prices.
  • freight out : this is the transportation cost to ship goods out of the seller's warehouse to the customer.
  • trade discount : this is a reduction in the list price granted to customers.
  • inventory : this is the term for the merchandise that a retail business has on hand.