Chapter 10 Review

Chapter 10 Review

14 Qs

quiz-placeholder

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Chapter 10 Review

Chapter 10 Review

Assessment

Quiz

others

Easy

Created by

Kaitlyn Crump

Used 2+ times

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A form prepared by the vendor showing the amount deducted for returns and allowances.
Credit Memorandum
Terminal Summary
Sales Return
Sales Allowance
Sales Tax

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A person or business to whom merchandise or services are sold.
Customer
Terminal Summary
Sales Return
Sales Allowance
Sales Tax

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A cash discount on sales taken by a customer.
Sales Discount
Terminal Summary
Sales Return
Sales Allowance
Sales Tax

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Credit allowed a customer for the sales price of merchandise that is not returned, resulting in a decrease in the vendor's accounts receivable.
Sales Allowance
Terminal Summary
Sales Return
Sales Tax
Customer

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Credit allowed a customer for the sales price of returned merchandise, resulting in a decrease in the vendor's accounts receivable.
Sales Return
Terminal Summary
Sales Allowance
Sales Tax
Customer

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A tax on a sale of merchandise or services.
Sales Tax
Terminal Summary
Sales Return
Sales Allowance
Customer

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

The report that summarizes the cash and credit card sales of a point-of-sale terminal.
Terminal Summary
Sales Return
Sales Allowance
Sales Tax
Customer

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