Chapter 8 Game
Quiz by Julie Morris
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Measure skills
from any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
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- edit the questions
- save a copy for later
- start a class game
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- assign as homework
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- print as a bubble sheet
10 questions
Show answers
- Q1The party to a credit transaction who takes on an obligation/payable.DebtorLesseeCreditorReceivable30s
- Q2The party who receives a receivable and will collect cash in the future.DebtorLessorLesseeCreditor30s
- Q3A written promise to pay a specified amount of money at a particular future date.Notes ReceivableOther receivableTaxes receivableAccounts Receivable30s
- Q4The date when the note receivable is due is the Maturity DateTrueFalse30s
- Q5A miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future.Other receivablesAccounts ReceivableNotes Receivable30s
- Q6The right to receive cash in the future from customers for goods sold or for services performed.Accounts ReceivableInterest ReceivableOther ReceivableNotes Receivable30s
- Q7Which one is not a way to estimate uncollectible accounts?Percent-of-SalesAging-of-ReceivablesPercent-of-ReceivablesGut feeling30s
- Q8Maturity Value is the sum of the principal plus interest due at maturity.FalseTrue30s
- Q9Cash-handling and cash-accounting duties should always be completed by the same person for effective internal controls.FalseTrue30s
- Q10The ____________ ratio is calculated by taking Net Credit Sales/ Average net accounts receivableDays' sales in receivablesContribution marginAcid-testAccounts Receivable Turnover30s