Chapter 9 Test Review

Chapter 9 Test Review

10th - 12th Grade

26 Qs

quiz-placeholder

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Chapter 9 Test Review

Chapter 9 Test Review

Assessment

Quiz

Other

10th - 12th Grade

Medium

Created by

Antje Carter

Used 8+ times

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26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An organization with the legal rights of a person and which may be owned by many persons.

capital stock

cash discount

corporation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A form prepared by the customer showing the price deduction taken by the customer for returns and allowances.

debit memorandum

purchase invoice

purchases discount

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Total shares of ownership in a corporation.

cash discount

capital stock

purchase invoice

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit allowed for the purchase price of returned merchandise, resulting in a decrease in the customer’s accounts payable.

purchases discount

purchase invoice

purchases return

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A deduction that a vendor allows on the invoice amount to encourage prompt payment.

capital stock

cash discount

corporation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A cash discount on purchases taken by a customer.

debit memorandum

purchase invoice

purchases discount

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A journal used to record only one kind of transaction.

purchases return

share of stock

special journal

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