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5 Written questions

5 Matching questions

  1. schedule of accounts payable
  2. accounts receivable ledger
  3. dividends
  4. plant assets
  5. merchandise inventory
  1. a the amount of goods on hand for sale to customers
  2. b A listing of vendor accounts, account balances, and total amount due all vendors.
  3. c a subsidiary ledger containing only accounts for charge customers
  4. d Assets that will be used for a number of years in the operation of a business
  5. e Earnings distributed to stockholders

5 Multiple choice questions

  1. the original cost of a plant asset minus accumulated depreciation
  2. A listing of customer accounts, account balances, and total amount due from all customers.
  3. A subsidiary ledger containing only accounts for vendors from whom items are purchased or bought on account.
  4. cumulative amount for all prior years depreciation expense; subtracted from plant and equipment
  5. an account in a general ledger that summarizes all accounts in a subsidiary ledger

5 True/False questions

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

          

  2. allowance method of recording losses from uncollectible accountsaccounts receivable that cannot be collected

          

  3. retained earningsan amount earned by a corporation and not yet distributed to stockholders

          

  4. uncollectible accountsaccounts receivable that cannot be collected

          

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