
Merchandising Business
Quiz
•
Financial Education
•
University
•
Hard
Joefrey Baluma
Used 20+ times
FREE Resource
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It generates income from buying and selling of merchandise.
Merchantdising business
Merchandising Bussiness
Merchandising Business
Buy and Sell Business
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
A method of inventory keeping where it is characterized by the use of stock card.
Periodic Inventory
Perpetual Inventory
Calendar Inventory
Merchandise Inventory
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following does not belong to the group?
cash discounts
sales discounts
purchase discounts
trade discounts
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following does not belong to the group?
Merchandise Inventory, end
Merchandise Inventory, Beg
Freight-In
Purchase Return and Allowances
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The following belongs to a one group, except
Sales
Purchases
Sales Discount
Freight-Out
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is not considered an account title under periodic inventory system?
cost of sales
purchases
freight-out
sales discount
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
When output VAT is lesser than the input VAT there is
VAT Payable
VAT Liability
VAT Credits
Prepaid Tax
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