
Unit 9 Quiz Review
Authored by Katelyn Robertson
Business
11th Grade
Used 3+ times

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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When is revenue recorded from the sale of merchandise?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sales Tax Payable decreases as a
3.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
Transaction: Received cash for credit card sales $550, plus sales tax $33; total $583.
Given the transaction above, what amount is debited to cash?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounts Receivable increases as a
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a sale on account is recorded, what is written in the Account Debited column?
a Checkmark
Sales Return & Allowance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the source document for the transaction, sale on account?
Credit Memo
Receipt
Memo
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What two accounts are affected when receiving cash on account?
Cash Debit and Accounts Receivable Debit
Cash Debit and Sales Discount Credit
Cash Debit and Sales Credit
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