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DE A2 C6 (skip space in between words)

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