Multiple choice

1. (TCO10) Marion Laboratories runs chemical analyses of materials to be used in the production process before those materials leave the receiving area of the warehouse. What kind of operations control is this? 

A. Preliminary

B. Feedback

C. Concurrent

D. Screening

E. Yes-no

2) When the allowance method of recognizing losses from uncollectible accounts is used, the entry to record the write-off of a specific account consists of a debit to __________ and a credit to __________.

A. Uncollectible Accounts Expense; Accounts Receivable

B. Allowance for Doubtful Accounts; Accounts Receivable

C. Uncollectible Accounts Expense; Allowance for Doubtful Accounts

D. Accounts Receivable; Allowance for Doubtful Accounts

3) A firm using the allowance method to provide for losses from uncollectible accounts collected the cash due from a customer whose account was previously written off. The entry to reinstate the customer's account included a credit to:

 A. Sales.

 B. Accounts Receivable.

 C. Uncollectible Accounts Expense.

D. Allowance for Doubtful Accounts.

4) A firm using the direct charge off method to provide for losses from uncollectible accounts collected the cash due from a customer whose account was previously written off in the same accounting period. The entry to reinstate the customer's account included a credit to:

A. Sales.

B. Accounts Receivable.

C. Uncollectible Accounts Expense.

D. Allowance for Doubtful Accounts.