Accounting Chapter 10 Review

Accounting Chapter 10 Review

9th - 12th Grade

20 Qs

quiz-placeholder

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Accounting Chapter 10 Review

Accounting Chapter 10 Review

Assessment

Quiz

Business

9th - 12th Grade

Hard

Created by

Lynn Blex

Used 6+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A specialized computer used to collect, store, and report all the information about a sales transaction.

Terminal Summary

Batch Report

Point-of-Sale (POS) Terminal

Sales Tax

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of preparing a batch report from a point-of- sale terminal.

Batching Out

Batch Report

Markup

Point-of-Sale (POS) Terminal

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sale in which the customer pays for the total amount of the sale at the time of the transaction.

Cash Receipts Journal

Cash Sale

Sales Tax

Sales Discount

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A report of credit card sales produced by a point-of-sale terminal.

Batching Out

Markup

Batch Report

Terminal Summary

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount a business adds to the cost of merchandise to establish the selling price.

Sales Tax

Cash Sale

Sales Discount

Markup

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. A batch report is a detailed report of cash sales during a specific period of time.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. The balance of Accounts Receivable should equal the total of the schedule of accounts receivable.

True

False

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