Matching
Match the appropriate definitions with correct term..
Premises:
A journal used to record sales of merchandise on credit.
A special journal used to record all payments of cash.
A journal with more than one column for recording data.
A measure of the profitability of a segment, calculated as segment operating income divided by segment average assets.
A general ledger account, the balance of which, after posting, equals the sum of the balances of the accounts in its related subsidiary ledger.
A journal used to record all purchases on credit.
A record of the separate accounts of each credit customer that is controlled by a general ledger account.
The special journal used to record all receipts of cash.
Any journal used for recording and posting transactions of a similar type.
A list of each customer from the accounts payable ledger with their balances and the total.
Responses:
Accounts receivable ledger
Sales journal
Purchases journal
Cash receipts journal
Cash disbursements journal
Controlling account
Schedule of accounts payable
Segment return on assets
Special journal
Columnar journal
Correct Answer:
Premises:
Responses:
Any journal used for recording and posting transactions of a similar type.
Special journal
A general ledger account, the balance of which, after posting, equals the sum of the balances of the accounts in its related subsidiary ledger.
Controlling account
A measure of the profitability of a segment, calculated as segment operating income divided by segment average assets.
Segment return on assets
A special journal used to record all payments of cash.
Cash disbursements journal
A list of each customer from the accounts payable ledger with their balances and the total.
Schedule of accounts payable
The special journal used to record all receipts of cash.
Cash receipts journal
A journal used to record all purchases on credit.
Purchases journal
A journal used to record sales of merchandise on credit.
Sales journal
A journal with more than one column for recording data.
Columnar journal
A record of the separate accounts of each credit customer that is controlled by a general ledger account.
Accounts receivable ledger
Premises:
Any journal used for recording and posting transactions of a similar type.
A general ledger account, the balance of which, after posting, equals the sum of the balances of the accounts in its related subsidiary ledger.
A measure of the profitability of a segment, calculated as segment operating income divided by segment average assets.
A special journal used to record all payments of cash.
A list of each customer from the accounts payable ledger with their balances and the total.
The special journal used to record all receipts of cash.
A journal used to record all purchases on credit.
A journal used to record sales of merchandise on credit.
A journal with more than one column for recording data.
A record of the separate accounts of each credit customer that is controlled by a general ledger account.
Responses:
Special journal
Controlling account
Segment return on assets
Cash disbursements journal
Schedule of accounts payable
Cash receipts journal
Purchases journal
Sales journal
Columnar journal
Accounts receivable ledger
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