WorksheetsChapter 9 First Two Sections
Total questions: 15
Worksheet time: 8mins
Which is NOT a merchandising business?
HEB.
Lucy's Nail Shop.
Target.
Kroger.
Which IS a WHOLESALE merchandising business?
Costco.
Walmart.
Marshall's.
Kohl's.
The subsidiary ledger containing vendor accounts is the
accounts receivable ledger.
general journal.
balance sheet.
accounts payable ledger.
The legal document, identifying the characteristics and applying to be a corporation is the
articles of incorporation.
corporate charter.
letter to investors.
articles of business.
An organization with the legal rights of a person which many persons may own is a
service business.
proprietorship.
corporation.
partnership.
Goods that a business purchases to sell are called
products.
merchandise.
contraband.
sale items.
A unit of ownership in a corporation is a(n)
share of interest.
share of stock.
foot in the door.
bargaining chip.
A business that purchases and resells goods is a(n)
entrepreneur.
inventory provider.
merchandising business.
vendor.
A business from which merchandise, supplies, or other assets are purchased is a(n)
supplier.
trader.
wholesaler.
vendor.
The amount a business pays for goods it purchases to sell is the
manufacturers cost.
msrp.
cost of merchandise.
customer cost.
A list of assets, usually containing the value of individual items is the
inventory.
store list.
customer list.
merchandise list.
A special journal used to record only purchases of merchandise on account is a
cash payments journal.
general journal.
sales journal.
purchases journal.
An invoice must be paid by its
end of month date.
year end date.
due date.
expiration date.
A purchase of items to be paid for later is a
cash purchase.
credit purchase.
fast purchase.
purchase on account.
A unit of ownership in a corporation is a
piece of leverage.
division of property.
right of voting.
share of stock.
