(A) Purchase Return
(B) Stock / Inventory
(C) Bad Debts
(D) Sales Return

(A) Merchandise
(B) Assets
(C) Stock
(D) Purchases

(A) Owner’s Equity
(B) Liabilities
(C) Equities
(D) None of these

(A) Drawings
(B) Sales
(C) Charity
(D) Expense

(A) Asset
(B) Liabilities
(C) Capital
(D) Loan

(A) Account Payable
(B) Notes Payable
(C) Amount Payable
(D) Discount Payable

(A) Proprietorship
(B) Ownership
(C) Industrialist
(D) Proprietor

(A) All management functions
(B) Controlling functions
(C) Coordinating management functions
(D) None of these

(A) Record economic data
(B) Provide informational basis for action
(C) Classify and record business transactions
(D) All of the above

(A) Purchases
(B) Merchandise
(C) Goods/Inventory
(D) All of the above