
Accounting 2 - Ch. 5 Review
Authored by Lexi Shafer
Other
10th - 12th Grade
Used 3+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
34 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods that are given to a business to sell but for which title remains with the vendor.
stock ledger
inventory record
consignment
days' sales in inventory
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The person or business that received goods on consignment.
consignee
consignor
stock recorder
accountant
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The person or business that gives goods on consignment.
consignee
consignor
stock recorder
accountant
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A form used to show the type of merchandise, quantity received, quantity sold, and balance on hand.
stock ledger
inventory ledger
inventory record
stock record
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A file of stock records for all merchandise on hand.
stock ledger
stock record
inventory record
inventory ledger
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A form used during a physical inventory to record information about each item of merchandise on hand.
inventory record
inventory ledger
stock record
stock ledger
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The standards and rules that accountants follow while recording and reporting financial activities.
Generally Accepted Accounting Principles (GAAP)
Gross Profit Method
Retail Method
Inventory Method
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?