Post on 20-Jan-2018
description
Jeopardy 1 2 3 4
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$100 Question from 1
Tax paid by customers.
$100 Answer to 1
What is sales tax?
$200 Question from 1
Sells merchandise or services
$200 Answer to 1
What is a Vendor?
$300 Question from 1
Cash is immediately received in this kind of sale.
$300 Answer to 1
What is a Cash Sale?
$400 Question from 1
Added to the cost of merchandise to set selling price.
$400 Answer to 1
What is Mark Up?
$500 Question from 1
Each member of a partnership.
$500 Answer to 1
What is a Partner?
$100 Question from 2
What a business pays for purchases to sell.
$100 Answer to 2
What is the Cost of Merchandise?
$200 Question from 2
A merchandise business that sells to those who use the goods.
$200 Answer to 2
What is a Retail Business.
$300 Question from 2
Type of business selling merchandise to retailers.
$300 Answer to 2
What is a Wholesale Business?
$400 Question from 2
A list summarizing a subsidiary ledger.
$400 Answer to 2
What is a schedule?
$500 Question from 2
A ledger summarized in a general ledger account.
$500 Answer to 2
What is a Subsidiary?
$100 Question from 3
Two or more persons combine assets and skills.
$100 Answer to 3
What is a Partnership?
$200 Question from 3
The kind of business that sells goods.
$200 Answer to 3
What is a Merchandising Business?
$300 Question from 3
Source document for purchase on Account.
$300 Answer to 3
What is a Purchase Invoice?
$400 Question from 3
An agreement about paying for merchandise.
$400 Answer to 3
What are the Terms of Sale?
$500 Question from 3
Buys merchandise or services.
$500 Answer to 3
What is a customer?
$100 Question from 4
Goods a business purchases to sell.
$100 Answer to 4
What is Merchandise?
$200 Question from 4
An account summarizing a subsidiary ledger.
$200 Answer to 4
What is a controlling account?