Merchandising Business

Merchandising Business

University

20 Qs

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Merchandising Business

Merchandising Business

Assessment

Quiz

Financial Education

University

Hard

Created by

Joefrey Baluma

Used 20+ times

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20 questions

Show all answers

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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