This Quiz:3 ps Match the accounting terminology to the definitions (Click the ic

Question

This Quiz:3 ps Match the accounting terminology to the definitions (Click the icon to view the detintions ) More Into Term Definition 1. Cost of Goods Sold 2. Perpetual inventory system a. An inventoay syslom that requires businesses to obtsn a physical court o y determine quanaties on hand 3. Vendor 4. Periodic inventory system 5. Operating expenses 6. Gross proft b. Expenses, other than Cast of Goods Sok, thst are incurted in he enty'sm ongoing operaions c. Excess of Net Sales Revenue over Cost of Goods Sold d. The cost of merchandise nventory that tho business has sold to customar e. The ndvidual or business trom whom a company puchases goods f. An nventory syelem thst keeps & running compuerized recond f ch Print Done Choose from any drop-down list and then continue to the next queston. Save for Later

Explanation / Answer

Term Definition 1 Cost of Goods Sold d. 2 Perpetual inventory system f. 3 Vendor e. 4 Periodic inventory system a. 5 Operating expenses b. 6 Gross profit c.

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