Accounting Chapter 10

Accounting Chapter 10

9th - 12th Grade

20 Qs

quiz-placeholder

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Accounting Chapter 10

Accounting Chapter 10

Assessment

Quiz

Specialty

9th - 12th Grade

Medium

Used 224+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The amount a business receives from the sale of an item of merchandise
Markup
Accounts Receivable
Selling price

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The amount a business adds to the cost of merchandise to establish the selling price.
Markup
Markdown
Purchases
Accounts Receivable

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A subsidiary ledger containing all accounts for charge customers
A/P Ledger
General Ledger
A/R Ledger
Chart of Accounts

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A tax on the sale of merchandise or services
Credit
Sales tax
Sales discount
Debit

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A special journal used to record only sales of merchandise on account
Purchases
Cash Payments
Sales
General

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A sale in which the customer pays for the total amount of the sale at the time of the transaction
Debit Card Sale
Checking account
Accounts Receivable
Cash Sale

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A special computer used to collect, store, and report all information about a sales transaction
Cash register
Calculator
Point of Sale Terminal
Bus Terminal

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