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5 Written questions

5 Matching questions

  1. Share of Stock
  2. Controlling Account
  3. Partner
  4. Supporting Schedule
  5. Cash Over
  1. a a report prepared to give details about an item on a principal financial statement.
  2. b an account in a general ledger that summarizes all accounts in a subsidiary ledger.
  3. c A petty cash on hand amount that is more than a recorded amount.
  4. d each unit of ownership in a corporation.
  5. e each member of a partnership.

5 Multiple choice questions

  1. A computer used to collect, store, and report all the information of a sales transaction.
  2. A listing of customer accounts, account balances, and total amount due from all customers.
  3. A subsidiary ledger containing only accounts for charge customers.
  4. An owner of one or more shares of a corporation.
  5. the amount of goods on hand for sale to customers.

5 True/False questions

  1. Inventorya business from which merchandise is purchased or supplies or other assets are bought.

          

  2. Terminal SummaryAn agreement between a buyer and a seller about payment for merchandise.

          

  3. Distribution-of-net-income Statementa financial statement that summarizes the changes in owner's equity during a fiscal period.

          

  4. Owner's Equity Statementa financial statement that summarizes the changes in owner's equity during a fiscal period.

          

  5. List PriceThe retail price listed in a catalog or on an Internet site.