Multiple Choice
Select the one term that best fits each definition.
-A listing of vendor accounts, account balances, and the total amount due to all vendors.
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
Q24: Select the one term that best fits
Q25: Merchandise with a list price of $1,500.00
Q26: Select the one term that best fits
Q27: Select the one term that best fits
Q28: The periodic inventory method does not require
Q30: Select the one term that best fits
Q31: Select the one term that best fits
Q32: Select the one term that best fits
Q33: The total of accounts in the accounts
Q34: Select the one term that best fits