Accounting 10
Quiz by Michelle Bruce
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31 questions
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- Q1A specialized comuter used to collect, store and report all the information about a sales transaction.sales journalPoint of sale terminalterminal summarysales tax30s
- Q2The report that summarizes the cash and credit card sales of a point of sale terminalPOSterminal summarysales taxsales journal30s
- Q3The process of preparing a batch report from a point of sale terminalsales journalbatch reportcash salebatching out30s
- Q4A special journal used to record only cash receipt transactionscash receipts journalsales discountcash salesales tax30s
- Q5A cash discount on a sale taken by the customersales journalsales discountterminal summarysales tax30s
- Q6The amount a business receives from the sale of an item of merchandiseselling discountsales taxselling pricemarkup30s
- Q7A subsidiary ledger containing all accounts for a charge customersbatching outbatch reportaccounts receivable ledgerledger30s
- Q8A special journal used to record only sales of merchandise on accountterminal summarysales taxcash discountsales journal30s
- Q9A sale in which the customer pays for the total amount of the sale at the time of the transactionselling pricesales taxcash salemarkup30s
- Q10A report of credit card sales produced by a point of sale terminalbatching reportbatching outsales discountsales tax30s
- Q11A tax on a sale of merchandise or servicessales taxsales journalmarkupselling price30s
- Q12The amount a buisness adds to the cost of merchandise to establish the selling price.cash salesales discountmarkupsales tax30s
- Q13A lsiting of customer accounts, account balances, and total amount due from all customersmarkupbatch reportaccounts receivable ledgerscheduale of accounts receivable30s
- Q14A batch report is a detailed report of cash sales during a specific periof od time.FF30s
- Q15Sales Tax Payable has a normal credit balanceTF30s