Exam 10: Flabuless Fitness

The most recent purchase price becomes the default for the next invoice when -

If the wrong inventory is selected in a purchase,you can make the correction before posting by -

Which of the following best describes inventory item linked accounts -

Record inventory that is recovered after a loss has already been recorded -

Regular inventory purchases and sales journal entries have what in common -

The inventory journals may be used for one the following -

Which of the following statements is true about inventory sales journal entries -

Which of the following best describes the selection of inventory items in the sales journal -

A business that provides only services -

The discount amount for the sale of inventory items to a preferred customer appears in the journal entry as -

Why does an inventory purchase not usually include a RST/PST amount -

Which of the following general statements is not correct -

To report on the number of units sold,revenue,cost of goods sold and the net profit,you would display the -

When you combine a sales return and new sale in a single journal entry -

In the sales journal,inventory item selection lists are available from -

When setting up a new inventory item that is combined from other items -

Transactions entered in the inventory journals will allow all but one of the following -

To correct a sales invoice that was accidentally posted containing the wrong inventory -

If freight shipping charges had been incorrectly added to a sales invoice,you should correct the entry after posting by -

Typing a letter or number of an inventory code in the Item Number field of the sales journal -