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Management- Mors 200 Study Guide > Matching- Accounting Compend > Flashcards

Matching- Accounting Compend Flashcards

1
Q

Used for recording sale of merchandise on credit:

a) Sales Journal
b) General Journal
c) Purchases Journal
d) Cash Payments Journal
e) Cash Receipts Journal

A

Sales Journal

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2
Q

Used for all types of business transactions:

a) Sales Journal
b) General Journal
c) Purchases Journal
d) Cash Payments Journal
e) Cash Receipts Journal

A

General Journal

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3
Q

Used to record the buying of merchandise on credit:

a) Sales Journal
b) General Journal
c) Purchases Journal
d) Cash Payments Journal
e) Cash Receipts Journal

A

Purchases Journal

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4
Q

Used to record the receipt of cash:

a) Sales Journal
b) General Journal
c) Purchases Journal
d) Cash Payments Journal
e) Cash Receipts Journal

A

Cash Receipts Journal

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5
Q

Used to record the paying of cash:

a) Sales Journal
b) General Journal
c) Purchases Journal
d) Cash Payments Journal
e) Cash Receipts Journal

A

Cash Payments Journals

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6
Q

Accounts Payable is a:

a) Current Asset
b) Current Liability
c) Fixed Asset
d) Fixed Liability
e) Proprietorship

A

Current Liability

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7
Q

Accounts Receivable is a:

a) Current Asset
b) Current Liability
c) Fixed Asset
d) Fixed Liability
e) Proprietorship

A

Current Asset

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8
Q

Capital is a:

a) Current Asset
b) Current Liability
c) Fixed Asset
d) Fixed Liability
e) Proprietorship

A

Proprietorship

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9
Q

Mortgage Payable is a:

a) Current Asset
b) Current Liability
c) Fixed Asset
d) Fixed Liability
e) Proprietorship

A

Fixed Liability

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10
Q

Funeral Coach is a:

a) Current Asset
b) Current Liability
c) Fixed Asset
d) Fixed Liability
e) Proprietorship

A

Fixed Asset

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11
Q

Difference between assets and liabilities:

a) Balance Sheet
b) Trial Balance
c) Owners Equity
d) Assets
e) Liabilities

A

Owners Equity

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12
Q

Statement of financial condition:

a) Balance Sheet
b) Trial Balance
c) Owners Equity
d) Assets
e) Liabilities

A

Balance Sheet

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13
Q

Things of value owned by a business:

a) Balance Sheet
b) Trial Balance
c) Owners Equity
d) Assets
e) Liabilities

A

Assets

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14
Q

Debts that a business owes:

a) Balance Sheet
b) Trial Balance
c) Owners Equity
d) Assets
e) Liabilities

A

Liabilities

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15
Q

Check the equality of debits and credits:

a) Balance Sheet
b) Trial Balance
c) Owners Equity
d) Assets
e) Liabilities

A

Trial Balance

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16
Q

Recording information in a ledger:

a) Journal
b) Ledger
c) Posting
d) Income Statement
e) Balance Sheet

A

Posting

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17
Q

A book of accounts:

a) Journal
b) Ledger
c) Posting
d) Income Statement
e) Balance Sheet

A

Ledger

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18
Q

Book of original entry:

a) Journal
b) Ledger
c) Posting
d) Income Statement
e) Balance Sheet

A

Journal

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19
Q

Statement of assets, liabilities, and owners equity at a specific date:

a) Journal
b) Ledger
c) Posting
d) Income Statement
e) Balance Sheet

A

Balance Sheet

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20
Q

Statement of income, expenses, and net income or net loss for a period of time:

a) Journal
b) Ledger
c) Posting
d) Income Statement
e) Balance Sheet

A

Income Statement

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21
Q

Unwritten promises of a business to pay creditors:

a) Assets
b) Liabilities
c) Owners Equity
d) Accounts Payable
e) Accounts Receivable

A

Accounts Payable

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22
Q

Unwritten promises by customers to the business pay at a later date:

a) Assets
b) Liabilities
c) Owners Equity
d) Accounts Payable
e) Accounts Receivable

A

Accounts Receivable

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23
Q

Any debt that a business owes:

a) Assets
b) Liabilities
c) Owners Equity
d) Accounts Payable
e) Accounts Receivable

A

Liabilities

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24
Q

Properties of monetary value owned by a business:

a) Assets
b) Liabilities
c) Owners Equity
d) Accounts Payable
e) Accounts Receivable

A

Assets

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25
Q

An owner’s financial interest in a business:

a) Assets
b) Liabilities
c) Owners Equity
d) Accounts Payable
e) Accounts Receivable

A

Owners Equity

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26
Q

A book of original entry in which business transactions are recorded in chronological order:

a) Sales
b) Ledger
c) Journal
d) Purchases
e) Principal

A

Journal

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27
Q

The buying of merchandise:

a) Sales
b) Ledger
c) Journal
d) Purchases
e) Principal

A

Purchases

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28
Q

The face value of a note on which interest is computed:

a) Sales
b) Ledger
c) Journal
d) Purchases
e) Principal

A

Principal

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29
Q

Ordinarily refers only to merchandise sold:

a) Sales
b) Ledger
c) Journal
d) Purchases
e) Principal

A

Sales

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30
Q

A book of accounts:

a) Sales
b) Ledger
c) Journal
d) Purchases
e) Principal

A

Ledger

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31
Q

Current assets divided by current liabilities:

a) Debit
b) Credit
c) Current Ratio
d) Notes Payable
e) Notes Receivable

A

Current Ratio

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32
Q

A written promise of a customer to pay the business in sum of the money at a future date:

a) Debit
b) Credit
c) Current Ratio
d) Notes Payable
e) Notes Receivable

A

Notes Receivable

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33
Q

The right side of a standard account:

a) Debit
b) Credit
c) Current Ratio
d) Notes Payable
e) Notes Receivable

A

Credit

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34
Q

A written promise of a business to pay a creditor a certain amount in the future:

a) Debit
b) Credit
c) Current Ratio
d) Notes Payable
e) Notes Receivable

A

Notes Payable

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35
Q

The left side of a standard account:

a) Debit
b) Credit
c) Current Ratio
d) Notes Payable
e) Notes Receivable

A

Debit

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36
Q

Accounts receivable that are uncollectable:

a) Cost
b) Supplies
c) Bad Debts
d) Cash Receipts
e) Current Liabilities

A

Bad Debts

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37
Q

Amount paid by a business for merchandise:

a) Cost
b) Supplies
c) Bad Debts
d) Cash Receipts
e) Current Liabilities

A

Cost

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38
Q

Money and money substitutes received:

a) Cost
b) Supplies
c) Bad Debts
d) Cash Receipts
e) Current Liabilities

A

Cash Receipts

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39
Q

Debts that must be paid within a year:

a) Cost
b) Supplies
c) Bad Debts
d) Cash Receipts
e) Current Liabilities

A

Current Liabilities

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40
Q

A type of assets that will be consumed as it is used:

a) Cost
b) Supplies
c) Bad Debts
d) Cash Receipts
e) Current Liabilities

A

Supplies

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41
Q

The owners equity or the owner’s financial interest in a business:

a) Maker
b) Creditor
c) Corporation
d) Proprietorship
e) Merchandising Business

A

Proprietorship

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42
Q

A business or individual to whom a debt is owed:

a) Maker
b) Creditor
c) Corporation
d) Proprietorship
e) Merchandising Business

A

Creditor

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43
Q

A business firm that obtains income through the buying and selling of goods:

a) Maker
b) Creditor
c) Corporation
d) Proprietorship
e) Merchandising Business

A

Merchandising Business

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44
Q

A business, owned by stockholders, which is chartered under state law to conduct a business or other activity:

a) Maker
b) Creditor
c) Corporation
d) Proprietorship
e) Merchandising Business

A

Corporation

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45
Q

The individual who makes a promise to pay on a promissory note:

a) Maker
b) Creditor
c) Corporation
d) Proprietorship
e) Merchandising Business

A

Maker

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46
Q

A statement regarding the status of assets, liabilities, and owner’s equity as of a specified date:

a) Transaction
b) Trial Balance
c) Balance Sheet
d) Source Document
e) Income Statement

A

Balance Sheet

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47
Q

A formal statement which presents the revenue and expenses of a specified period of time:

a) Transaction
b) Trial Balance
c) Balance Sheet
d) Source Document
e) Income Statement

A

Income Statement

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48
Q

The first record of a business transaction:

a) Transaction
b) Trial Balance
c) Balance Sheet
d) Source Document
e) Income Statement

A

Source Document

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49
Q

Financial events that affect assets, liabilities, or owner’s equity:

a) Transaction
b) Trial Balance
c) Balance Sheet
d) Source Document
e) Income Statement

A

Transaction

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50
Q

An informal statement proving that total debit balances are equal to the total credit balances in the ledger:

a) Transaction
b) Trial Balance
c) Balance Sheet
d) Source Document
e) Income Statement

A

Trial Balances

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51
Q

In order of time:

a) Income
b) Drawer
c) Expenses
d) Consignor
e) Chronological

A

Chronological

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52
Q

The person or business concerned by whom a shipment is made:

a) Income
b) Drawer
c) Expenses
d) Consignor
e) Chronological

A

Consignor

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53
Q

A person who signs a check or draft ordering payment to be made:

a) Income
b) Drawer
c) Expenses
d) Consignor
e) Chronological

A

Drawer

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54
Q

The decrease in owners equity due to consumption of goods and services used in the operation of the business:

a) Income
b) Drawer
c) Expenses
d) Consignor
e) Chronological

A

Expenses

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55
Q

Increase in the owners equity resulting from business operations:

a) Income
b) Drawer
c) Expenses
d) Consignor
e) Chronological

A

Income

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56
Q

The recording of business data in a prescribed manner:

a) Cash
b) Capital
c) Book Keeping
d) Current Assets
e) Closing Entries

A

Book Keeping

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57
Q

Coins, currency, checks, and money order receipts from others, as well as money deposited in the bank:

a) Cash
b) Capital
c) Book Keeping
d) Current Assets
e) Closing Entries

A

Cash

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58
Q

The net value of an owner’s financial interest in a business:

a) Cash
b) Capital
c) Book Keeping
d) Current Assets
e) Closing Entries

A

Capital

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59
Q

Cash or other assets that will be converted into cash or consumed within one year:

a) Cash
b) Capital
c) Book Keeping
d) Current Assets
e) Closing Entries

A

Current assets

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60
Q

The transferral of the balances of the temporary accounts to the capital accounts:

a) Cash
b) Capital
c) Book Keeping
d) Current Assets
e) Closing Entries

A

Closing Entries

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61
Q

Recording in each fiscal period applicable expense, whether paid or not, and income earned, whether collected or not:

a) Check
b) Charter
c) Bank Statement
d) Accrual Accounting
e) Certified Public Accounting

A

Accrual Accounting

62
Q

An itemized listing of additions to and subtractions from a depositor’s account:

a) Check
b) Charter
c) Bank Statement
d) Accrual Accounting
e) Certified Public Accounting

A

Bank Statement

63
Q

An individual certified to practice public accounting in a state:

a) Check
b) Charter
c) Bank Statement
d) Accrual Accounting
e) Certified Public Accounting

A

Certified Public Accountant

64
Q

A document issued by a state which permits a corporation to operate:

a) Check
b) Charter
c) Bank Statement
d) Accrual Accounting
e) Certified Public Accounting

A

Charter

65
Q

A written order drawn by a depositor directing his bank to deduct money from his account and pay the person or company designated:

a) Check
b) Charter
c) Bank Statement
d) Accrual Accounting
e) Certified Public Accounting

A

Check

66
Q

The money or other assets supplied by the owner for the operation of a business:

a) Investment
b) Mortgage Payable
c) Posting References
d) Negotiable Instrument
e) Net Working Capital

A

Investment

67
Q

A written promise that pledges real property as security for the payment of a debt:

a) Investment
b) Mortgage Payable
c) Posting References
d) Negotiable Instrument
e) Net Working Capital

A

Mortgage Payable

68
Q

A business paper that is a claim on cash and which may be transferred legally by endorsement:

a) Investment
b) Mortgage Payable
c) Posting References
d) Negotiable Instrument
e) Net Working Capital

A

Negotiable Instrument

69
Q

Excess of current assets over current liabilities:

a) Investment
b) Mortgage Payable
c) Posting References
d) Negotiable Instrument
e) Net Working Capital

A

Net Working Capital

70
Q

Journal page numbers and ledger account numbers which when present, confirms that an entry has been posted:

a) Investment
b) Mortgage Payable
c) Posting References
d) Negotiable Instrument
e) Net Working Capital

A

Posting References

71
Q

Credit given to a customer for shortages or damaged goods delivered:

a) Accrued Income
b) Sales Discount
c) Statement of Account
d) Allowance of Depreciation
e) Sales Returns and Allowances

A

Sales Returns and Allowances

72
Q

A deduction from the sales invoice as incentive for customers to pay their invoices early:

a) Accrued Income
b) Sales Discount
c) Statement of Account
d) Allowance of Depreciation
e) Sales Returns and Allowances

A

Sales Discount

73
Q

An account used to accumulate decreases in value of fixed assets:

a) Accrued Income
b) Sales Discount
c) Statement of Account
d) Allowance of Depreciation
e) Sales Returns and Allowances

A

Allowance of Depreciation

74
Q

A report sent to each customer which indicates the status of his account:

a) Accrued Income
b) Sales Discount
c) Statement of Account
d) Allowance of Depreciation
e) Sales Returns and Allowances

A

Statement of Account

75
Q

Income earned during an accounting period but not yet received:

a) Accrued Income
b) Sales Discount
c) Statement of Account
d) Allowance of Depreciation
e) Sales Returns and Allowances

A

Accrued Income

76
Q

An account used to record or determine the estimated value of an asset:

a) Drawing Account
b) Promissory Note
c) Valuation Account
d) Allowance for Doubtful Accounts
e) Purchase Returns and Allowances

A

Valuation Account

77
Q

A separate owners equity account in which withdraws of assets against profits by the owner are recorded:

a) Drawing Account
b) Promissory Note
c) Valuation Account
d) Allowance for Doubtful Accounts
e) Purchase Returns and Allowances

A

Drawing Account

78
Q

Credit received for shortages or for damaged goods received:

a) Drawing Account
b) Promissory Note
c) Valuation Account
d) Allowance for Doubtful Accounts
e) Purchase Returns and Allowances

A

Purchase Returns and Allowances

79
Q

An account in which is recorded the decrease in value of accounts receivable due to possible uncollectable items:

a) Drawing Account
b) Promissory Note
c) Valuation Account
d) Allowance for Doubtful Accounts
e) Purchase Returns and Allowances

A

Allowance for Doubtful Accounts

80
Q

A written promise to pay money to another person or business at a specified or determinable time:

a) Drawing Account
b) Promissory Note
c) Valuation Account
d) Allowance for Doubtful Accounts
e) Purchase Returns and Allowances

A

Promissory Note

81
Q

The account paid for insurance protection:

a) Retail Sales Tax
b) Income Tax
c) Insurance Policy
d) Insurance Premium
e) Stock Certificate

A

Insurance Premium

82
Q

Levied on the earnings of individuals in businesses by federal, state, and local government:

a) Retail Sales Tax
b) Income Tax
c) Insurance Policy
d) Insurance Premium
e) Stock Certificate

A

Income Tax

83
Q

A contract between an insurance company and the party insured:

a) Retail Sales Tax
b) Income Tax
c) Insurance Policy
d) Insurance Premium
e) Stock Certificate

A

Insurance Policy

84
Q

Imposed upon the purchaser of goods and collected by the seller, who remits such to the state or city government:

a) Retail Sales Tax
b) Income Tax
c) Insurance Policy
d) Insurance Premium
e) Stock Certificate

A

Retail Sales Tax

85
Q

Evidence of the ownership of corporation stock:

a) Retail Sales Tax
b) Income Tax
c) Insurance Policy
d) Insurance Premium
e) Stock Certificate

A

Stock Certificate

86
Q

Capital or net worth:

a) Current Asset
b) Current Liability
c) Proprietorship
d) Fixed Liability
e) Fixed Asset

A

Proprietorship

87
Q

Accounts Receivable:

a) Current Asset
b) Current Liability
c) Proprietorship
d) Fixed Liability
e) Fixed Asset

A

Current Asset

88
Q

Accounts Payable:

a) Current Asset
b) Current Liability
c) Proprietorship
d) Fixed Liability
e) Fixed Asset

A

Current Liability

89
Q

Mortgage Payable within 15 years:

a) Current Asset
b) Current Liability
c) Proprietorship
d) Fixed Liability
e) Fixed Asset

A

Fixed Liability

90
Q

Assets which will not be sold during the fiscal period:

a) Current Asset
b) Current Liability
c) Proprietorship
d) Fixed Liability
e) Fixed Asset

A

Fixed Asset

91
Q

Things of value owned by a business:

a) Balance Sheet
b) Trial Balance
c) Assets
d) Liabilities
e) Proprietorship

A

Assets

92
Q

One’s debt:

a) Balance Sheet
b) Trial Balance
c) Assets
d) Liabilities
e) Proprietorship

A

Liabilities

93
Q

The equity of the owner of the business:

a) Balance Sheet
b) Trial Balance
c) Assets
d) Liabilities
e) Proprietorship

A

Proprietorship

94
Q

The financial statement reflects the status of assets, liabilities, and owner’s equity as of a given date:

a) Balance Sheet
b) Trial Balance
c) Assets
d) Liabilities
e) Proprietorship

A

Balance Sheet

95
Q

A check of equality of debts and credits:

a) Balance Sheet
b) Trial Balance
c) Assets
d) Liabilities
e) Proprietorship

A

Trial Balance

96
Q

One who owes debts:

a) Fixed Liability
b) Proprietorship
c) Debtor
d) Current Liability
e) Creditor

A

Debtor

97
Q

One to whom debts are owed:

a) Fixed Liability
b) Proprietorship
c) Debtor
d) Current Liability
e) Creditor

A

Creditor

98
Q

Owner’s equity:

a) Fixed Liability
b) Proprietorship
c) Debtor
d) Current Liability
e) Creditor

A

Proprietorship

99
Q

Mortgage Payable:

a) Fixed Liability
b) Proprietorship
c) Debtor
d) Current Liability
e) Creditor

A

Fixed Liability

100
Q

Accounts Payable:

a) Fixed Liability
b) Proprietorship
c) Debtor
d) Current Liability
e) Creditor

A

Current Liability

101
Q

Recording information in a ledger:

a) Ledger
b) Balance Sheet
c) Posting
d) Journal
e) Profit and Loss Statements

A

Posting

102
Q

A book of accounts:

a) Ledger
b) Balance Sheet
c) Posting
d) Journal
e) Profit and Loss Statements

A

Ledger

103
Q

Book in which the fitst formal double entry record of transactions is made:

a) Ledger
b) Balance Sheet
c) Posting
d) Journal
e) Profit and Loss Statements

A

Journal

104
Q

A statement of assets, liabilities, and proprietorship at a specific date:

a) Ledger
b) Balance Sheet
c) Posting
d) Journal
e) Profit and Loss Statements

A

Balance Sheet

105
Q

A summary of the results of operations for a specified period of time:

a) Ledger
b) Balance Sheet
c) Posting
d) Journal
e) Profit and Loss Statements

A

Profit and Loss Statements

106
Q

Used to record paying cash for an item:

a) Purchases Journal
b) Sales Journal
c) Cash Receipt Journal
d) Cash Payment Journal
e) General Journal

A

Cash Payment Journal

107
Q

For recording the buying of an article on credit:

a) Purchases Journal
b) Sales Journal
c) Cash Receipt Journal
d) Cash Payment Journal
e) General Journal

A

Purchases Journal

108
Q

For receiving cash from merchandise:

a) Purchases Journal
b) Sales Journal
c) Cash Receipt Journal
d) Cash Payment Journal
e) General Journal

A

Cash Receipt Journal

109
Q

Used to record selling of merchandise on credit:

a) Purchases Journal
b) Sales Journal
c) Sales Receipt Journal
d) Cash Payment Journal
e) General Journal

A

Sales Journal

110
Q

Used for miscellaneous entries:

a) Purchases Journal
b) Sales Journal
c) Sales Receipt Journal
d) Cash Payment Journal
e) General Journal

A

General Journal

111
Q

To be used over a long period of time:

a) Tangible Assets
b) Intangible Assets
c) Cash Assets
d) Current Assets
e) Fixed Assets

A

Fixed Assets

112
Q

To be used relatively soon:

a) Tangible Assets
b) Intangible Assets
c) Cash Assets
d) Current Assets
e) Fixed Assets

A

Current Assets

113
Q

Capable of being touched:

a) Tangible Assets
b) Intangible Assets
c) Cash Assets
d) Current Assets
e) Fixed Assets

A

Tangible Assets

114
Q

Not physical or material:

a) Tangible Assets
b) Intangible Assets
c) Cash Assets
d) Current Assets
e) Fixed Assets

A

Intangible Assets

115
Q

Money:

a) Tangible Assets
b) Intangible Assets
c) Cash Assets
d) Current Assets
e) Fixed Assets

A

Cash Assets

116
Q

Check returned to the depositor that has been paid by the bank:

a) Check Stub
b) Drawer
c) Payee
d) Cancelled
e) Outstanding

A

Cancelled

117
Q

A source of information for the journal:

a) Check Stub
b) Drawer
c) Payee
d) Cancelled
e) Outstanding

A

Check Stub

118
Q

The one to whom the bank is ordered to pay the cash:

a) Check Stub
b) Drawer
c) Payee
d) Cancelled
e) Outstanding

A

Payee

119
Q

A check that has been issued, but not yet presented for payment:

a) Check Stub
b) Drawer
c) Payee
d) Cancelled
e) Outstanding

A

Outstanding

120
Q

The one who orders the bank to pay money from his account:

a) Check Stub
b) Drawer
c) Payee
d) Cancelled
e) Outstanding

A

Drawer

121
Q

The time allowed for the payment of a sale:

a) Fiscal period
b) Fiscal Year
c) Compound Entry
d) Withdraws
e) Terms

A

Terms

122
Q

Assets taken out of the business by the owner for his personal use:

a) Fiscal period
b) Fiscal Year
c) Compound Entry
d) Withdraws
e) Terms

A

Withdraws

123
Q

The period for which an analysis of the operations for a business is made:

a) Fiscal period
b) Fiscal Year
c) Compound Entry
d) Withdraws
e) Terms

A

Fiscal Period

124
Q

A journal entry that contains two or more debits or two or more credits:

a) Fiscal period
b) Fiscal Year
c) Compound Entry
d) Withdraws
e) Terms

A

Compound Entry

125
Q

An accounting year ending some other date than December 31st:

a) Fiscal period
b) Fiscal Year
c) Compound Entry
d) Withdraws
e) Terms

A

Fiscal Year

126
Q

Free on Board:

a) CPA
b) COD
c) CIF
d) CBD
e) FOB

A

FOB

127
Q

Collect before delivery:

a) CPA
b) COD
c) CIF
d) CBD
e) FOB

A

CBD

128
Q

Certified Public Accountant:

a) CPA
b) COD
c) CIF
d) CBD
e) FOB

A

CPA

129
Q

Cost Insurance and Freight:

a) CPA
b) COD
c) CIF
d) CBD
e) FOB

A

CIF

130
Q

Collect on Delivery:

a) CPA
b) COD
c) CIF
d) CBD
e) FOB

A

COD

131
Q

Stockholders:

a) Interest
b) Mark-up
c) Fixed Assets
d) Partnership
e) Corporation

A

Corporation

132
Q

Land, buildings, equipment:

a) Interest
b) Mark-up
c) Fixed Assets
d) Partnership
e) Corporation

A

Fixed Assets

133
Q

Amount added to cost of merchandise to determine the selling price:

a) Interest
b) Mark-up
c) Fixed Assets
d) Partnership
e) Corporation

A

Mark-up

134
Q

A business owned by two or more individuals with profits or losses jointly shared:

a) Interest
b) Mark-up
c) Fixed Assets
d) Partnership
e) Corporation

A

Partnership

135
Q

Money paid for the use of money:

a) Interest
b) Mark-up
c) Fixed Assets
d) Partnership
e) Corporation

A

Interest

136
Q

A special book in which payments made by check are recorded:

a) Book Value
b) Invoice
c) Check Register
d) Certified Check
e) Cashier’s Check

A

Check Register

137
Q

A check drawn by a bank on it’s own funds and signed by the cashier:

a) Book Value
b) Invoice
c) Check Register
d) Certified Check
e) Cashier’s Check

A

Cashier’s Check

138
Q

A check which carries the guarantee of the drawee that sufficient funds are available to pay the check when it is properly presented:

a) Book Value
b) Invoice
c) Check Register
d) Certified Check
e) Cashier’s Check

A

Certified Check

139
Q

Cost of a fixed asset less accumulated depreciation:

a) Book Value
b) Invoice
c) Check Register
d) Certified Check
e) Cashier’s Check

A

Book Value

140
Q

A paper showing quantity, description, prices of items, total amount of purchases and the terms of payment:

a) Book Value
b) Invoice
c) Check Register
d) Certified Check
e) Cashier’s Check

A

Invoice

141
Q

A payment:

a) Restrictive Endorsement
b) Blank Endorsement
c) Endorsement in Full
d) Deferred
e) Disbursement

A

Disbursement

142
Q

To delay unti a later date:

a) Restrictive Endorsement
b) Blank Endorsement
c) Endorsement in Full
d) Deferred
e) Disbursement

A

Deferred

143
Q

Consists merely of the signature of the endorser on the back of a check:

a) Restrictive Endorsement
b) Blank Endorsement
c) Endorsement in Full
d) Deferred
e) Disbursement

A

Blank Endorsement

144
Q

Endorsement which uses the phrase, “Pay to the Order of”:

a) Restrictive Endorsement
b) Blank Endorsement
c) Endorsement in Full
d) Deferred
e) Disbursement

A

Endorsement in Full

145
Q

Endorsement which uses the phrase, “For Deposit Only”:

a) Restrictive Endorsement
b) Blank Endorsement
c) Endorsement in Full
d) Deferred
e) Disbursement

A

Restrictive Endorsement

146
Q

The comparison of current assets with current liabilities:

a) Acid Test Ratio
b) Inventory Turnover
c) Long Lived Asset Ratio
d) Current Asset Ratio
e) Total Asset Ratio

A

Current Asset Ratio

147
Q

The comparison of the fixed assets with the fixed liabilities:

a) Acid Test Ratio
b) Inventory Turnover
c) Long Lived Asset Ratio
d) Current Asset Ratio
e) Total Asset Ratio

A

Long Lived Asset Ratio

148
Q

Comparison of cash and all the other current assets that are readily recognizable in cash with the other current liabilities:

a) Acid Test Ratio
b) Inventory Turnover
c) Long Lived Asset Ratio
d) Current Asset Ratio
e) Total Asset Ratio

A

Acid Test Ratio

149
Q

Comparison or total assets with total liabilities:

a) Acid Test Ratio
b) Inventory Turnover
c) Long Lived Asset Ratio
d) Current Asset Ratio
e) Total Asset Ratio

A

Total Asset Ratio

150
Q

Determined by dividing the cost of goods by the average inventory:

a) Acid Test Ratio
b) Inventory Turnover
c) Long Lived Asset Ratio
d) Current Asset Ratio
e) Total Asset Ratio

A

Inventory Turnover

Management- Mors 200 Study Guide (39 decks)

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