Multiple Choice
Select the one term that best fits each definition.
-Each unit of ownership in a corporation.
A) articles of incorporation
B) cash discount
C) contra account
D) controlling account
E) corporation
F) credit limit
G) general amount column
H) list price
I) periodic inventory
J) perpetual inventory
K) purchase order
L) retail merchandising business
M) requisition
N) schedule of accounts payable
O) share of stock
P) special journal
Q) stockholder
R) trade discount
S) terms of sale
T) wholesale merchandising business
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Select the one term that best fits
Q15: A periodic inventory conducted by counting, weighing,
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Q17: Select the one term that best fits
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Q21: Since contra accounts are offsets to their
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Q24: Select the one term that best fits