Provide me some questions regarding Accounting for the Sale of Goods

The Basics of Merchandising, Perpetual inventory system, The Purchase and Payment of Merchandise Inventory (Perpetual) Transportation Trade discounts 5.3 Merchandise Inventory: Sales and Collection (Perpetual), Sales Discounts

5.4 Adjustments to Merchandise Inventory (Perpetual) 5.5 Merchandising Income Statement, full disclosure principle

Classified Multiple-Step Income Statement (contd)

5.6 Closing Entries for a Merchandiser

and 6.1 Inventory Cost Flow Assumptions provide 50 mcq questions covering all the topics, at least 10 of each each

provide more than 50 if you can

example

1 If a company uses a perpetual inventory system, it will maintain all the following accounts except:

Select one:

A.inventory.

B.sales.

C.purchases.

D.cost of goods sold.

2 Under a perpetual inventory system, the entry to record the cost of goods sold would include a debit to:

Select one:

A.

Cost of Goods Sold and a credit to Inventory for the retail price of the inventory.

B.

Inventory and a credit to Cost of Goods Sold for the cost of the inventory.

C.

Inventory and a credit to Sales Revenue for the retail price of the inventory.

D.

Cost of Goods Sold and a credit to Inventory for the cost of the inventory.

3 When is it necessary to calculate the cost of goods sold at the end of the year?

Select one:

A.

It is optional whether to calculate cost of goods sold or not.

B.

It is always necessary.

C.

When using the perpetual inventory system.

D.

When using the periodic inventory system.

5 Which accounts are affected in the closing process under a perpetual inventory system?

Select one:

A.

Operating Expenses, Sales Revenue, and Purchases.

B.

Gross Margin, Sales Returns and Allowances, and Sales Discounts.

C.

Gross Margin and Cost of Goods Sold.

D.

Cost of Goods Sold, Sales Returns and Allowances, and Sales Discounts.

6 Under a perpetual inventory system, the entries to record a $2,600 sales return of undamaged goods for a sale originally made on account, when the merchandise had a cost of $1,200, include a:

Select one:

A.

debit to Inventory of $1,200.

B.

credit to Cost of Goods Sold of $2,600.

C.

debit to Sales Returns and Allowances of $1,200.

D.

credit to Sales Returns and Allowances of $1,200.

These are the example of what type of questions I want

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do not explain i just want questions to prepare my exam provide questions regarding to the topics related to the global theories: Mercantilism, Absolute Advantage, Comparative Advantage, New Theory, international trade, Subsidy, Globalization, Key Drivers of Globalization, Global institutions, How have changing demographics impacted Globalization? and What has been the impact of Globalization on key stakeholders?

Opportunities of International Business, Challenges of International Business?, Role of Emerging Economies, Shares of Global GDP, The Importance of Trade for Canada,Canada?s Merchandise Trade by Product Type, What is Traded, The Case for Trade, Free Trade and NAFTA

Please provide atleat 10 questions for each topic and its subtopics

every topic is available on Chegg please do a research and give me some only mcq question no explanation needed

hoping For almost 90-100 mcq questions related to the topic thank you

i will give you

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