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Accounts, Statement & Section
Ch. 5-7
23
Accounting
Graduate
10/05/2013
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Cards

Term
Merchandise Inventory
 Definition
Balance Sheet
Current Assets
Term
Sales Revenue
 Definition
Income Statement
Sales
Term
Sales Returns and Allowances
 Definition
Income Statement
Contra to Sales Revenue
Term
Sales Discounts
 Definition
Income Statement
Contra to Sales Revenue
Term
Cost of Goods Sold
 Definition
Income Statement
Expenses
Term
Purchases
 Definition
Income Statement
Cost of Goods Sold
Term
Purchase Returns and Allowances
 Definition
Income Statement
Contra to Purchases
Term
Transportation-In
 Definition
Income Statement
Added to Purchases
Term
Purchase Discounts
 Definition
Income Statement
Contra to Purchases
Term
Transportation-In
 Definition
Income Statement
Added to Purchases
Term
Purchase Discounts
 Definition
Income Statement
Added to Purchases
Term
Transportation- Out
 Definition
Income Statement
Selling Expense
Term
Loss on Decline in Value of Inventory
 Definition
Income Statement
Other Expenses
Term
Cash and Cash Equivalents
 Definition
Balance Sheet
Current Assets
Term
Petty Cash Fund
 Definition
Balance Sheet
Current Assets
Term
Cash Over and Short
 Definition
Income Statement
Other Income/Expense
Term
Accounts Receivable
 Definition
Balance Sheet
Current Assets
Term
Allowance for Doubtful Accounts
 Definition
Balance Sheet
Current Assets
Term
Bad Debts Expense
 Definition
Income Statement
Operating Expenses
Term
Notes Receivable
 Definition
Balance Sheet
Current or Noncurrent Assets
Term
Interest Receivable
 Definition
Balance Sheet
Current Assets
Term
Interest Revenue
 Definition
Income Statement
Other Income
Term
Short-Term Investments
 Definition
Balance Sheet
Current Assets
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