Relier Pairs Accounting Ch 9 Terms 4Version en ligne Match the term with its definition. par Kerri Stegman 1 Is applied when a business's financial information is recorded and reported separately from the owner’s personal financial information 2 A listing of vendor accounts, account balances, and the total amount due to all vendors 3 Is applied when the actual amount paid for merchandise or other items bought is recorded 4 The maximum outstanding balance allowed to a customer by a vendor 5 When a company that has purchased merchandise on account takes a cash discount 6 The period of time during which a customer may take a cash discount 7 An account that reduces a related account on a financial statement 8 Is applied when financial statements are prepared with the expectation that a business will remain in operation indefinitely 9 Is applied when source document is prepared for each transaction 10 Is applied when revenue from business activities and expenses associated with earning that revenue are recorded in the same accounting period contra account schedule of accounts payable discount period historical cost business entity matching expenses with revenue purchases discount objective evidence going concern credit limit
Créer jeu