
Accounting Chapter 11
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KG - University
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26 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A journal with two amount columns in which all kinds of entries can be recorded.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit allowed to a customer for part of the sales price of merchandise that is not returned, resulting in a decrease in the accounts receivable of the merchandising business.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit allowed for part of the purchase price of merchandise that is not returned, resulting in a decrease in the customer’s account payable to the vendor.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A form prepared by the vendor showing the amount deducted for returns and allowances.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A group of persons elected by the stockholders to govern a corporation.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Action by a board of directors to distribute corporate earnings to stockholders.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit allowed for the purchase price of returned merchandise, resulting in a decrease in the customer’s account payable to the vendor.
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