Accounting 2nd 9-Weeks Part 4: Question Preview (ID: 7901)

Below is a preview of the questions contained within the game titled ACCOUNTING 2ND 9-WEEKS PART 4: Accounting 2nd 9-Weeks Part 4 .To play games using this data set, follow the directions below. Good luck and have fun. Enjoy! [print these questions]

Play games to reveal the correct answers. Click here to play a game and get the answers.

A business receives ___________ when it keeps unsatisfactory merchandise but pays less than its original price.
a) Purchase Return b) Purchase Allowance c) Sales Return d) Sales Allowance
Used to record a specific kind of business transaction
a) General Journal b) General Ledger c) Special Journal d) Special Ledger
A special journal in which all transactions involving incoming cash are recorded
a) Sales Journal b) Cash Payments Journal c) Purchases Journal d) Cash Receipts Journal
A special journal use to record only the sale of merchandise on account
a) Cash Payments Journal b) Sales Journal c) Cash Receipts Journal d) Purchases Journal
The debit and credit columns of the Trial Balance section of the work sheet must
a) not equal b) be adjusted c) be closed d) equal
Affects one temporary account and one permanent account
a) Closing entry b) Adjustments c) Purchase returns d) Sales returns
What are two stockholder's equity accounts?
a) Owner's equity and Capital Stock b) Capital Stock and Stockholder's Equity c) Stockholder's Equity and Retained Earnings d) Retained Earnings and Capital Stock
The ownership of a corporation is represented by shares of
a) stock b) inventory c) assets d) owner's equity
Sarah earns $10 per hour. On week, she worked 45 hours. Her gross earnings were
a) 400 b) 450 c) 475 d) 500
If the date of an invoice is August 1, the credit terms are 2/10, n/30, and the invoice was received on August 3, the last day the discount can be taken is
a) August 11 b) August 13 c) August 31 d) September 1
Play Games with the Questions above at
To play games using the questions from the data set above, visit and enter game ID number: 7901 in the upper right hand corner at or simply click on the link above this text.

Log In
| Sign Up / Register