Acct. Chapter 11 Test (MASTER)

Acct. Chapter 11 Test (MASTER)

20 Qs

quiz-placeholder

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Acct. Chapter 11 Test (MASTER)

Acct. Chapter 11 Test (MASTER)

Assessment

Quiz

others

Medium

Created by

Kaitlyn Crump

Used 3+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A subsidiary ledger containing only accounts for vendors from whom items are purchased or bought on account.
Account Payable Ledger
Accounts Receivable Ledger
Controlling Account
Schedule of Accounts Payable
Schedule of Accounts Receivable

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A ledger that is summarized in a single general ledger account.
Subsidiary Ledger
Account Payable Ledger
Accounts Receivable Ledger
Controlling Account
Schedule of Accounts Payable

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A subsidiary ledger containing only accounts for charge customers.
Accounts Receivable Ledger
Account Payable Ledger
Controlling Account
Schedule of Accounts Payable
Schedule of Accounts Receivable

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

An account in a general ledger that summarizes all accounts in a subsidiary ledger.
Controlling Account
Account Payable Ledger
Accounts Receivable Ledger
Schedule of Accounts Payable
Schedule of Accounts Receivable

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A listing of vendor accounts, account balances, and total amounts due for all vendors.
Schedule of Accounts Payable
Account Payable Ledger
Accounts Receivable Ledger
Controlling Account
Schedule of Accounts Receivable

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A listing of customer accounts, account balances, and total amount due from all customer.
Schedule of Accounts Receivable
Account Payable Ledger
Accounts Receivable Ledger
Controlling Account
Schedule of Accounts Payable

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

When using an accounts receivable ledger, the total amount due from all customers is summarized in a single general ledger account.
True
False

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