Accounts Payable Test Review

Accounts Payable Test Review

10th Grade

16 Qs

quiz-placeholder

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Accounts Payable Test Review

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Assessment

Quiz

Business

10th Grade

Medium

Created by

Teresa Perez

Used 5+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

The Accounts Payable subsidiary account is for

money people owe your business

fun

keeping track of what you've earned

the money your business owes

2.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Person or business which provides goods and services to a company

Retailer

wholesaler

Vendor

tradesman

3.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Business receives goods or services and promises to pay at a later date

charge slip

accounts receivable

accounts payable

purchase on account

4.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Document which authorizes a buyer to purchase goods/services from a seller

vendor invoice

charge slip

purchase order

signature card

5.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Document provided to companies once they buy goods/services on account

vendor invoice

charge slip

receipt

bank statement

6.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Document or file which provides information about company vendors

chart of accounts

bank statement

purchase order

vendor file

7.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Provides information about when an invoice is due.

Example: Net 30

bank statement

general journal

charge slip

credit terms

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