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Ch 10 Sales and Cash Receipts

Total questions: 4

Worksheet time: 2mins

Name
Class
Date
1.
The amount a business receives from the sale of an item of merchandise.
a)
selling price
b)
markup
c)
suggested price
d)
acct receivable
2.
The amount a business adds to the cost of merchandise to establish the selling price.
a)
discount
b)
markup
c)
net price
d)
cost
3.
A subsidiary ledger containing all accounts for charge customers.
a)
Acct Pay Ledger
b)
General Ledger
c)
Acct Rec Ledger
d)
Secondary Ledger
4.
A tax on the sale of merchandise or services.
a)
property tax
b)
regressive tax
c)
progressive tax
d)
sales tax