Match the Terms with the Definitions

question 58

Multiple Choice

Match the terms with the definitions.
-A document issued when credit is given for merchandise returned or for an allowance.

• A)accounts receivable ledger
• B)cash discounts
• C)controlling account
• D)credit memo
• E)merchandising business
• F)sale
• G)sales allowances
• H)sales discounts
• I)sales invoice
• J)sales return
• K)sales ticket
• L)schedule of accounts receivable

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Definitions:

SEC

Stands for the Securities and Exchange Commission, a U.S. federal agency responsible for regulating the securities industry and protecting investors.

Blue-Sky Laws

are state regulations designed to protect investors against securities fraud by requiring the registration of securities offerings and disclosure.

Federal Securities Regulations

Laws and regulations established at the federal level aimed at protecting investors, maintaining fair and orderly functioning of securities markets, and facilitating capital formation.

Registration Statement

A set of documents, including a prospectus, required by regulatory authorities before a company can issue stock to the public.