Accounting II - Chapter 11
Quiz
•
Specialty
•
9th - 12th Grade
•
Practice Problem
•
Medium
Tina Gummo
Used 128+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An amount earned by a corporation and not yet distributed to stockholders.
2.
MULTIPLE CHOICE QUESTION
1 min • 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
1 min • 1 pt
Earnings distributed to stockholders.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A form prepared by the customer showing the price deduction taken by the customer for a return or an allowance.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Credit allowed to a customer for the sales price of returned merchandise, resulting in a decrease in the accounts receivable of the merchandising business.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Credit allowed for the purchase price of returned merchandise, resulting in a decrease in the customer’s account payable to the vendor.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A journal with two amount columns in which all kinds of entries can be recorded.
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