Accounting Chapter 9, 10, and 11

Trial Balance is a list of vendor accounts balances and the total amount due to all vendors?

What is the earnings distributed to stockholders called?

What journal amount column is used that is not headed with an account title?

What is a group of persons elected by the stockholders to govern corporation is called?

Terminal Summary is also known as a Z tape.

What is a cash discount on a sale taken by the customer is called?

When posting, CR is used as a abbreviation for what Journal?

What is a subsidiary ledger containing all accounts for charge customers?

What is a ledger that is summarized in a single general ledger account?

The Purchases Returns and Allowances account is only used in the general journal.

Dividends are normally declared on one date and paid on the same day.

When using the sales returns and allowances, you use the debit memorandum.

A journal used to record only one kind of transaction is called a special journal.

What is a tax on a sale of merchandise or services called?

General Journal -journal with no amount columns in which all kinds of entries can be recorded

What are goods that a business purchases to sell?

What is a special journal used to record only cash receipt transaction?

What is merchandise inventory evaluated at the end of a fiscal period?

What is a special journal used to record only purchases of merchandise on account?

Schedule of Account Receivable-a list of customer account, account balance and total amount due