1:00
en
CR
Week 8: Adjusting debtor and creditor account balances, electronic payments
17
REFUND:Cash, cheque or credit repayment paid or received as a result of returned goods etc.
CREDITNOTE: Transaction recorded to adjust the balance of a customer’s account with a business.
DEBITNOTE:Transaction recorded to adjust the balance of a business’s account with a supplier.
NEGATIVE:An adjustment note is a .................. tax invoice.
APPLIED:An adjustment note needs to be ................... to the original invoice or bill so that the amount owing is either partially or fully reduced.
RETURNS:A customers credit note can be found in the ....................... & Credits tab of the Sales Register.
TERMS:This function in the Sales tab of the Preferences window is used to set up discounts for all customers.
OVERPAYMENT:When a customer pays more than they actually owe. (two words 4,7)
BADDEBT:Amount unrecoverable from a debtor.
EXPENSE:Bad Debts are normally allocated to this type of account.
BANKFILE:Function found in the Prepare Electronic Payments window that is used to create an electronic bank file.
REMITTANCE:Document sent to a supplier indicating payment of a bill.
EMAILED:A Remittance Advice can either be printed or .................
CONTRA:A deal made whereby creditor of a business is also a debtor and obligations are settled by way of exchanging goods and services.
CLEARING:The Contra ............... Account is used to record contra receipts and payments..
BATCH:The Prepare Electronic Payments function allows you to group multiple payments to suppliers in a ................
ABA:Abbreviation for the electronic payment file created by MYOB.
Week 8: Adjusting debtor and creditor account balances, electronic payments
Across:1. | Transaction recorded to adjust the balance of a customer’s account with a business. | 3. | Bad Debts are normally allocated to this type of account. | 4. | Abbreviation for the electronic payment file created by MYOB. | 6. | The Prepare Electronic Payments function allows you to group multiple payments to suppliers in a ................ | 7. | Cash, cheque or credit repayment paid or received as a result of returned goods etc. | 10. | Transaction recorded to adjust the balance of a business’s account with a supplier. | 13. | The Contra ............... Account is used to record contra receipts and payments.. | 14. | A customers credit note can be found in the ....................... & Credits tab of the Sales Register. | 15. | Document sent to a supplier indicating payment of a bill. | 17. | This function in the Sales tab of the Preferences window is used to set up discounts for all customers. |
| | Down:2. | When a customer pays more than they actually owe. (two words 4,7) | 5. | Function found in the Prepare Electronic Payments window that is used to create an electronic bank file. | 8. | An adjustment note is a .................. tax invoice. | 9. | Amount unrecoverable from a debtor. | 11. | A Remittance Advice can either be printed or ................. | 12. | A deal made whereby creditor of a business is also a debtor and obligations are settled by way of exchanging goods and services. | 16. | An adjustment note needs to be ................... to the original invoice or bill so that the amount owing is either partially or fully reduced. |
| |
© 2014
PuzzleFast.com, Noncommercial Use Only
Week 8: Adjusting debtor and creditor account balances, electronic payments
Across:1. | Transaction recorded to adjust the balance of a customer’s account with a business. | 3. | Bad Debts are normally allocated to this type of account. | 4. | Abbreviation for the electronic payment file created by MYOB. | 6. | The Prepare Electronic Payments function allows you to group multiple payments to suppliers in a ................ | 7. | Cash, cheque or credit repayment paid or received as a result of returned goods etc. | 10. | Transaction recorded to adjust the balance of a business’s account with a supplier. | 13. | The Contra ............... Account is used to record contra receipts and payments.. | 14. | A customers credit note can be found in the ....................... & Credits tab of the Sales Register. | 15. | Document sent to a supplier indicating payment of a bill. | 17. | This function in the Sales tab of the Preferences window is used to set up discounts for all customers. |
| | Down:2. | When a customer pays more than they actually owe. (two words 4,7) | 5. | Function found in the Prepare Electronic Payments window that is used to create an electronic bank file. | 8. | An adjustment note is a .................. tax invoice. | 9. | Amount unrecoverable from a debtor. | 11. | A Remittance Advice can either be printed or ................. | 12. | A deal made whereby creditor of a business is also a debtor and obligations are settled by way of exchanging goods and services. | 16. | An adjustment note needs to be ................... to the original invoice or bill so that the amount owing is either partially or fully reduced. |
| |
© 2014
PuzzleFast.com, Noncommercial Use Only