Chapter 5 Key Terms

Descripción

undergraduate Accounting Info Systems Fichas sobre Chapter 5 Key Terms, creado por Regan Deckinger el 22/03/2023.
Regan Deckinger
Fichas por Regan Deckinger, actualizado hace más de 1 año
Regan Deckinger
Creado por Regan Deckinger hace más de 1 año
4
0

Resumen del Recurso

Pregunta Respuesta
Invoice Form Used to record a sales transaction when the product or services is provided to the customer and the customer promises to pay later.
Receive Payment Form Used to record a related sales transaction when a customer pays its account with cash, check, credit card, or online.
Estimate Form Used to record estimated costs of products and services to be provided to a customer in the future.
Credit Memo Form Used when we need to record a credit, or reduction, in the amount the customer is charged.
Sales Receipt Used to record a sales transaction when the customer pays at the same point in time that the product or service is provided to the customer.
Refund Receipt Used when we give the customer a refund.
Delayed Credit Form Used to record a pending credit to a customer that will occur at a specified future date.
Delayed Charge Form Used to record a pending charge to a customer that will occur at a specified future date.
Inventory Products that we sell for which we track quantities, such as dog hammocks that Mookie The Beagle Concierge sells.
Non-Inventory Products that we sell but we don't need to track the quantity of the product.
Service Services that we provide to customers, such as pet care services that Mookie The Beagle Concierge provides.
Bundle A collection of products and services that we sell together as a bundle.
Direct write-off method Records bad debt expense when it becomes apparent that the customer is not going to pay the amount due.
Allowance Method Estimates bad debt expense and establishes an allowance or reserve for uncollectible accounts.
Mostrar resumen completo Ocultar resumen completo

Similar

QBO Chapter 5 Key Terms
QUINLAN WILSON
Chapter 5 Key Terms
Tayler Shellhase
Chapter 5 key terms
Stephanie Poole
Chapter 5 key terms
QUINLAN WILSON
Chapter 5 Key Terms
JACKSON BOEVE
Chapter 5 Key Terms
JACKSON BOEVE
Bus 342 Chapter 5 Key Terms
Richard Kramer
Accounting Information Systems 4th Edition - Chapter 5 - Key Terms - Data Modeling
Susan Esch
Chapter 5 Key Terms
Shauna Brinker
Chapter 5 Key Terms
MORGAN RUNYAN
Chapter 5 Key Terms
MacKenzie Burch