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Chapter 10

Across
A cash discount granted by suppliers in return for prompt payment; it is treated as a deduction from Purchases.
The amount a customer can deduct for paying a bill within a specified period of time.
A special journal used to record all transactions involving cash payments or decreases to the Cash account
Substantial discounts from the list or catalog prices of goods, granted by the seller; not recorded by the buyer or the seller.
Down
A special journal used to record all transactions involving cash receipts or increases to the Cash account
A written promise to pay a specified amount at a specified time
A deduction from the original price granted by the seller to the buyer for the prompt payment of an invoice.
The account containing the balance of promissory notes.
The time the seller allows the buyer before a full payment on a charge sale has to be made.