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Match the Appropriate Definitions with Correct Term

Question 137

Matching

Match the appropriate definitions with correct term..

Premises:

Responses:

A journal used to record sales of merchandise on credit.

Accounts receivable ledger

A special journal used to record all payments of cash.

Sales journal

A journal with more than one column for recording data.

Purchases journal

A measure of the profitability of a segment, calculated as segment operating income divided by segment average assets.

Cash receipts journal

A general ledger account, the balance of which, after posting, equals the sum of the balances of the accounts in its related subsidiary ledger.

Cash disbursements journal

A journal used to record all purchases on credit.

Controlling account

A record of the separate accounts of each credit customer that is controlled by a general ledger account.

Schedule of accounts payable

The special journal used to record all receipts of cash.

Segment return on assets

Any journal used for recording and posting transactions of a similar type.

Special journal

A list of each customer from the accounts payable ledger with their balances and the total.

Columnar journal

Premises:

A journal used to record sales of merchandise on credit.

A special journal used to record all payments of cash.

A journal with more than one column for recording data.

A measure of the profitability of a segment, calculated as segment operating income divided by segment average assets.

A general ledger account, the balance of which, after posting, equals the sum of the balances of the accounts in its related subsidiary ledger.

A journal used to record all purchases on credit.

A record of the separate accounts of each credit customer that is controlled by a general ledger account.

The special journal used to record all receipts of cash.

Any journal used for recording and posting transactions of a similar type.

A list of each customer from the accounts payable ledger with their balances and the total.

Responses:

Accounts receivable ledger

Sales journal

Purchases journal

Cash receipts journal

Cash disbursements journal

Controlling account

Schedule of accounts payable

Segment return on assets

Special journal

Columnar journal

Correct Answer:

Premises:

Responses:

A journal used to record sales of merchandise on credit.

A special journal used to record all payments of cash.

A journal with more than one column for recording data.

A measure of the profitability of a segment, calculated as segment operating income divided by segment average assets.

A general ledger account, the balance of which, after posting, equals the sum of the balances of the accounts in its related subsidiary ledger.

A journal used to record all purchases on credit.

A record of the separate accounts of each credit customer that is controlled by a general ledger account.

The special journal used to record all receipts of cash.

Any journal used for recording and posting transactions of a similar type.

A list of each customer from the accounts payable ledger with their balances and the total.