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Departmentalized Accounting Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Which of the following does departmental accounting NOT facilitate?

Question 2 2. Where do you get information for preparing end-of-period worksheets?

Question 3 3. What are expenses?

Question 4 4. In which journal would sales on account be recorded in a departmental accounting system?

Question 5 5. Which of the following represents a direct expense?

Page 2

Question 6 6. What is an adjustment?

Question 7 7. What is the term for the amount of mark-up on products that a company sells?

Question 8 8. What is an end-of-period worksheet?

Question 9 9. When would revenue be recorded for a sale?

Question 10 10. In which journal would cash sales in a departmental accounting system would be recorded?

Page 3

Question 11 11. Which of the following companies is most likely to use a departmental accounting system?

Question 12 12. What use does an end-of-period worksheet have?

Question 13 13. What is the minimum number of departments that a company should have to use departmental accounting?

Question 14 14. What is an adjusted balance?

Question 15 15. Calculate the % of sales for the shoe department given the following information: total sales = $10,000; shoe department sales = $3,500; clothing department sales = $6,500.

Departmentalized Accounting Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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