Chapter 11 Test

Chapter 11 Test

12 Qs

quiz-placeholder

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Chapter 11 Test

Chapter 11 Test

Assessment

Quiz

others

Hard

Created by

Wade Tracy

FREE Resource

12 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • Ungraded

Use the following to answer the first 11 questions. You may put a check in the box of the term you have used,
A. board of directors
B. credit memorandum
C. debit memorandum
D. declaring a dividend
E. dividends

2.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Credit allowed for part of the purchase price of merchandise that is not returned, resulting in a decrease in the customer’s account payable to the vendor.

3.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

A form prepared by the vendor showing the amount deducted for returns and allowances.

4.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

A group of persons elected by the stockholders to govern a corporation.

5.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Action by a board of directors to distribute corporate earnings to stockholders.

6.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

A journal with two amount columns in which all kinds of entries can be recorded.

7.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Credit allowed for the purchase price of returned merchandise, resulting in a decrease in the customer’s account payable to the vendor.

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