Accounting
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | Goods that a business purchases and sells goods
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| Merchandising Business | show 🗑
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| Retail Merchandising Business | show 🗑
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| show | A business that buys and resells merchandise to retail merchandising businesses
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| Corporation | show 🗑
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| Share of Stock | show 🗑
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| show | Total shares of ownership in a corporation
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| Stockholder | show 🗑
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| Special Journal | show 🗑
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| show | The price a business pays for goods it purchases to sell
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| show | The amount added to the cost of merchandise to establish the selling price
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| Vendor | show 🗑
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| show | Transaction in which the merchandise purchased is to be paid for late
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| show | Special journal used to record only purchases of merchandise on account
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| show | A journal amount column headed with an account title
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| Purchase Invoice | show 🗑
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| Terms of Sale | show 🗑
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| show | Special journal used to record only cash payment transactions
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| show | A deduction that a vendor allows on the invoice amount to encourage prompt payments
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| Purchases Discount | show 🗑
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| General Amount Column | show 🗑
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| List Price | show 🗑
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| Trade Discount | show 🗑
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| Contra Account | show 🗑
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| Cash Short | show 🗑
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| Cashover | show 🗑
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| show | Credit allowed for the purchase price of merchandise that is not returned, resulting in a decrease in the customer's account payable
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| Purchases Allowance | show 🗑
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| show | A form prepared by the customer showing the price deduction taken by the customer for returns and allowances
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Trevarius
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