NAME

Question types


Start with


Question limit

of 22 available terms

Advertisement Upgrade to remove ads
Print test

5 Written questions

5 Matching questions

  1. retained earnings
  2. estimated salvage value
  3. board of directors
  4. dividends
  5. schedule of accounts receivable
  1. a an amount earned by a corporation and not yet distributed to stockholders
  2. b the amount an owner expects to receive when a plant asset is removed from use
  3. c a group of persons elected by the stockholders to manage a corporation
  4. d Earnings distributed to stockholders
  5. e A listing of customer accounts, account balances, and total amount due from all customers.

5 Multiple choice questions

  1. Crediting the estimated value of uncollectible accounts to a contra account
  2. Assets that will be used for a number of years in the operation of a business
  3. the difference between an asset's account balance and its related contra account balance
  4. an account in a general ledger that summarizes all accounts in a subsidiary ledger
  5. the amount of goods on hand for sale to customers

5 True/False questions

  1. accounts receivable ledgera subsidiary ledger containing only accounts for charge customers

          

  2. book value of a plant assetthe difference between the balance of accounts receivable and its contra account, allowance for uncollectible accounts

          

  3. book value of accounts receivableA listing of customer accounts, account balances, and total amount due from all customers.

          

  4. depreciation expensethe portion of a plant asset's cost that is transferred to an expense account in each fiscal period during a plant asset's useful life

          

  5. Subsidiary ledgerA subsidiary ledger containing only accounts for vendors from whom items are purchased or bought on account.

          

Create Set