Multiple Choice
Select the one term that best fits each definition.
-A form requesting that a vendor sell merchandise to a business.
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
Q6: A merchandising business places Purchases in the
Q7: Select the one term that best fits
Q8: A purchase of merchandise for cash would
Q9: The Purchases account is classified as a(n)<br>A)
Q10: Select the one term that best fits
Q12: A transaction to record merchandise purchased with
Q13: To replenish a $300.00 petty cash fund,
Q14: Select the one term that best fits
Q15: A periodic inventory conducted by counting, weighing,
Q16: A corporation can own property, incur liabilities,