Chapter 11 Review

Match it! Select the correct answer from the pull down...Good luck!

A sale in which a credit card is used for the total amount of the sale at the time of the transaction

A sale in which cash is received for the total amount of the sale at the time of the transaction

A tax on a sale of merchandise or services is called

The concept that states that revenue is recorded at the time of a sale, not on the date cash is received is

Using a cash register tape as evidence that the transaction occurred is the concept

Received cash on account from Jane Smith

The concept that states that the actual amount paid for the merchandise is recorded

A person or business to whom merchandise or services are sold is a (an)