Accounting Ch 9 Review

Accounting Ch 9 Review

11th - 12th Grade

38 Qs

quiz-placeholder

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Accounting Ch 9 Review

Accounting Ch 9 Review

Assessment

Quiz

Business

11th - 12th Grade

Hard

Created by

Nicole Clifford

Used 1+ times

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38 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a merchandising business that sells to those who use or consume the goods?

retail merchandising business

sales merchandising business

wholesale merchandising business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a merchandising business that buys or sells merchandise primarily to other merchandising businesses?

retail merchandising business

sales merchandising business

wholesale merchandising business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is each unit of ownership in a corporation?

articles of incorporation

capital stock

controlling account

share of stock

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an organization with the legal rights of a person which many persons or other corporations may own?

charter

corporation

stockholder

vendor

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is the owner of one or more shares of stock?

charter

corporation

stockholder

vendor

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a legal document that identifies basic characteristics of a corporation?

articles of incorporation

charter

corporation

share of stock

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an account in a general ledger that summarizes all accounts in a subsidiary ledger?

capital account

controlling account

general account

subsidiary account

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