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Accounting 6th 6-wks Lesson 2 Wed&Thurs 5-6&7

Quiz by Sally Bader

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Q 1/4
Score 0
The price a business pays for goods it purchases to sell.
29
Sales Tax
Cost of Merchandise
Markup

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4 questions

Show answers

Q1
The price a business pays for goods it purchases to sell.
Sales Tax
Cost of Merchandise
Markup
30s
Q2
When you total the columns, balance, and double-rule, you have
Sold your Equity
Not been able to balance
Proved your Journal
30s
Q3
What shows that your debits and credits are equal?
Trial Balance
Income Statement
Balance Sheet
30s
Q4
Changes on a worksheet to update general ledger accounts are called
liabilities
assets
adjustments
30s

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