Accounting II - Chapter 11 Test Review
Authored by Janna Kohler
Business
9th - 12th Grade
Used 12+ times
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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit allowed for part of the purchase price of merchandise that is not returned.
Purchases return
Purchases allowance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit allowed for the purchase price of returned merchandise.
Purchases return
Purchases allowance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Normal balance of Purchases Returns and Allowances.
Debit
Credit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A form prepared by a vendor showing the amount deducted for returns and allowances.
Credit memorandum
Debit memorandum
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A form prepared by the customer showing the price deduction taken by the customer for a return or allowance.
Credit memorandum
Debit memorandum
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit allowed to a customer for part of the sales price of merchandise that is not returned.
Sales allowance
Sales return
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit allowed to a customer for the sales price of returned merchandise.
Sales allowance
Sales return
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