Accounting chapter 9

Accounting chapter 9

12th Grade

•

38 Qs

quiz-placeholder

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Accounting chapter 9

Accounting chapter 9

Assessment

Quiz

•

Business

•

12th Grade

•

Practice Problem

•

Hard

Created by

Delores Breeding

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38 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A merchandising business that sells to those who use or consume the goods,

a wholesale merchandising business

a retail merchandising business

cash discount

terms of sale

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that buys and resells merchandise primarily to other merchandising businesses

a wholesale merchandising business

a retail merchandising business

a service business

a nail salon

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Each unit of ownership in a corporation

corporation

articles of incorporation

share of stock

requisition

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An organization with the legal rights of a person which many persons or other corporations may own.

Articles of incorporation

corporation

trade discount

retail business

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The owner of one or more shares of stock.

employee

manager

Stockholder

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A legal document that identifies basic characteristics of a corporation.

Articles of a corporation

purchase order

trade discount

cash back

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An account in a general ledger that summarizes all accounts in a subsidiary ledger.

Contra account

special journal

controlling account

requisition

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