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Bookkeeping terms
- Surety Bond
- Trade Discount
- Credit
- Debit
- Written promise to pay damage or to indemnify against losses caused by the party names in the document through nonperformance or defalcation
- Increases liabilities, equity, revenue. Decreases asset or expense
- Allowance made to certain businesses and allwable regardless of the time when the account is paid Not Cash discount
- Increases asset or expense, Decreases liabilities,equity,or income
Bookkeeping terms (Answer Key)
- Surety Bond
- Trade Discount
- Credit
- Debit
- Written promise to pay damage or to indemnify against losses caused by the party names in the document through nonperformance or defalcation
- Increases liabilities, equity, revenue. Decreases asset or expense
- Allowance made to certain businesses and allwable regardless of the time when the account is paid Not Cash discount
- Increases asset or expense, Decreases liabilities,equity,or income
When you're ready to print, just click this button: Make Print-Friendly