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. book value
  2. allowance method of recording losses from uncollectible accounts
  3. declaring a dividend
  4. accounts receivable ledger
  5. board of directors
  1. a Crediting the estimated value of uncollectible accounts to a contra account
  2. b action by a board of directors to distribute corporate earnings to stockholders
  3. c a group of persons elected by the stockholders to manage a corporation
  4. d the difference between an asset's account balance and its related contra account balance
  5. e a subsidiary ledger containing only accounts for charge customers

5 Multiple choice questions

  1. charging an equal amount of depreciation expense for a plant asset in each year of useful life
  2. Earnings distributed to stockholders
  3. cash and other assets expected to be exchanged for cash or consumed within a year
  4. accounts receivable that cannot be collected
  5. cumulative amount for all prior years depreciation expense; subtracted from plant and equipment

5 True/False questions

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

          

  2. schedule of accounts receivableA listing of vendor accounts, account balances, and total amount due all vendors.

          

  3. Accounts payable ledgerA subsidiary ledger containing only accounts for vendors from whom items are purchased or bought on account.

          

  4. plant assetscash and other assets expected to be exchanged for cash or consumed within a year

          

  5. controlling accountan account in a general ledger that summarizes all accounts in a subsidiary ledger

          

Create Set