Periodic system
Authored by Layla Noaimi
Business
12th Grade
Used 21+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
In This system companies keep detailed records
Periodic
Perpetual
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
In this sysem we must do a physical count to our inventory
Periodic
Perpetual
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
When bought goods on account -- The credit side of this transaction is:
Purchases
Accounts receivables
Accounts payable
Merchandise inventory
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
When Sold goods on account (using periodic system) -- The Debit side of this transaction is:
Sales
Accounts receivables
Accounts payable
Cash
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
When Purchased goods on account (using periodic system) -- The Debit side of this transaction is:
Purchases
Accounts receivables
Accounts payable
Merchandise inventory
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
When Sold goods on account (using periodic system) -- The credit side of this transaction is:
Sales
Accounts receivables
Accounts payable
Cash
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The nature of sales returns & allowances is
Credit
Debit
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
Already have an account?
