Yuvre Match the term and the explanation. There are more definitions than terens. 2 Prepaid expense Deferred Revenue Contra account Closing journal entry Bankreconciliation Cost of Good Sold equation An internal report prepared to verify the accuracy of both the bank statement and the cash accounts of a business b. Refunds and price reductions gyven to customers after goods have been sold and found unsatisfactory Lists the balances of all permanent accounts to check that debits equal credits d. How many times on average) that inventory has been bought or sold. .. An internal control designed into the accounting system to prevent an employee from making a mistake A mesure of the average number of days from the time inventory is bought to the time it is sold. A cash discount received for prompt payment of a purchase on account. h Alability account indicating customers have already paid for services not yet rendered 1. An account that is paired with another account and acts to reduce its book value Stock that paysafe dividend rate but generally has no voting rights Also known as net assets, this is the value of asset minuta. viventory records are updated every time inventory is bought, sold or returned m. stock that allows Owners to be listed among creditors Acash discount oven to customer for prompt payment 0. The difference between net sales and cost of goods solt p. An indication that company has already paid a cost not yet incurred very records are updated at the end of the accounting period Amalantry that transfers net income or less to the end Earnings account bases the relationship between story on hand purchased and so Shows as the COGS.COGSEL Also known as balance sheet accounts Aration the percentage of earned on each dollar of sales after cong the cost of pood Gross pront Perpetual entory System Sales discount Preferred stock eory Turnover