Match column A with column B. mers. Column A duals Colum e bu A Cash sales 1.1 A person who owes money to a business crec Sales where a business receives money 1.2 immediately B Bad debts ing edit cif Sales where a person buys goods and pays at C Debtor a later date 1.3 re 1.4 How a person handled debt in the past D Credit sales 1.5 If a debtor cannot pay back its debts E Credit record
Match column A with column B. mers. Column A duals Colum e bu A Cash sales 1.1 A person who owes money to a business crec Sales where a business receives money 1.2 immediately B Bad debts ing edit cif Sales where a person buys goods and pays at C Debtor a later date 1.3 re 1.4 How a person handled debt in the past D Credit sales 1.5 If a debtor cannot pay back its debts E Credit record
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Topic Video
Question

Transcribed Image Text:ctivity 1
Match the accounting terms
k on your own.
Credit Bur
Match column A with column B.
redit BureaU
mers. It car
Column A
duals cond
Colum
1.1
A person who owes money to a business
A Cash sales credit ag
e busines
Sales where a business receives money
immediately
1.2
B Bad debts ing:
edit limi
cific da
Sales where a person buys goods and pays at C Debtor
a later date
1.3
ment
D Credit sales entive
acco
1.4
How a person handled debt in the past
1.5
If a debtor cannot pay back its debts
E Credit record
hin
altic
Total
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education