CAOT 82 - Microcomputer Software Survey » Fall 2021 » Assign 6 Ch 3 Matching

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Question #1
Transactions report
A.   Commonly used to adjust accounts
B.   A listing the debit or credit balances as of a specific date
C.   Transactions for an account for a specified period
Question #2
Trial balance
A.   A listing the debit or credit balances as of a specific date
B.   Transactions for an account for a specified period
Question #3
Journal entry
A.   Transactions for an account for a specified period
B.   Commonly used to adjust accounts
C.   Efforts made by a company to add value to a customer
Question #4
Opening Balance Equity
A.   A listing the debit or credit balances as of a specific date
B.   Commonly used to adjust accounts
C.   Account used to offset beginning balances adjustments
Question #5
Customer
A.   Entity from whom you purchase products/services
B.   Entity from whom you sell products/services
Question #6
Vendor
A.   Transactions for an account for a specified period
B.   Entity from whom you purchase products/services
C.   Entity from whom you sell products/services
Question #7
Product
A.   Merchandise a company purchases from a vendor
B.   Efforts made by a company to add value to a customer
C.   Entity from whom you sell products/services
Question #8
Service
A.   Efforts made by a company to add value to a customer
B.   Entity from whom you purchase products/services
Question #9
Category Type
A.   Dictates where an account appears in all reports
B.   Transactions for an account for a specified period
C.   Efforts made by a company to add value to a customer
Question #10
Detailed type example
A.   Checking
B.   Commonly used to adjust accounts
C.   Efforts made by a company to add value to a customer

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