Accounting 1 - Ch. 9 Review

Accounting 1 - Ch. 9 Review

KG - University

17 Qs

quiz-placeholder

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Accounting 1 - Ch. 9 Review

Accounting 1 - Ch. 9 Review

Assessment

Quiz

Specialty

KG - University

Hard

Created by

Eric Swanson

Used 42+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An organization with the legal rights of a person and which may be owned by many persons.
corporation
sole proprietorship
partnership
stock

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Total shares of ownership in a corporation.
capital stock
debit memorandum
share of stock
purchase invoice

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A deduction that a vendor allows on the invoice amount to encourage prompt payment.
cash discount
purchases return
debit memorandum

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A journal used to record only one kind of transaction.
special journal
general journal
debit memorandum
capital stock

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Each unit of ownership in a corporation.
share of stock
debit memorandum
special journal
purchase invoice

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A merchandising business that sells to those who use or consume the goods.
retail merchandising business
corporation
capital stock
debit memorandum

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An invoice used as a source document for recording a purchase on account transaction.
purchase invoice
special journal
debit memorandum
capital stock

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