
ACC101 - CHAPTER 9
Authored by Ngô DN)
Mathematics
University
CCSS covered
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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A credit sale of $3,275 to a customer would result in:
A debit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable subsidiary ledger.
B. A credit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable subsidiary ledger.
C. A debit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable subsidiary ledger.
D. A credit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable subsidiary ledger.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A promissory note received from a customer in exchange for an account receivable:
A. Is a cash equivalent for the recipient.
B. Is an account receivable for the recipient.
Is a note receivable for the recipient.
D. Is a short-term investment for the recipient.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The person who signs a note receivable and promises to pay the principal and interest is the:
Maker.
B. Payee.
C. Holder.
D. Receiver.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A promissory note:
A. Is a short-term investment for the maker.
Is a written promise to pay a specified amount of money at a certain date.
C. Is a liability to the payee.
D. Is another name for an installment receivable.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The maturity date of a note receivable:
Is the day of the credit sale.
Is the day the note was signed.
Is the day the note is due to be paid.
D. Is the date of the first payment.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The interest accrued on $6,500 at 6% for 60 days is: ĐỀ HỎI TIỀN LÃI THÔI NHÉ
$ 36
$ 42.
$ 65.
$180.
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A 90-day note issued on April 10 matures on:
July 9.
B. July 10.
C. July 11.
D. July 12.
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