subject
Business, 03.08.2021 22:20 davidb1113

A company uses the gross method to account for cash discounts offered to its customers. If payment is made before the discount period expires, which of the following is correct? a. Sales discounts is debited for the amount of discounts taken by customers.
b. Sales discounts is credited for the amount of discounts taken by customers.
c. Interest expense is debited for the amount of discounts taken by customers.
d. Accounts receivable is credited for the amount of discounts taken by customers.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 08:30, cyaransteenberg
Blank is the internal operation that arranges information resources to support business performance and outcomes
Answers: 2
image
Business, 22.06.2019 17:40, kennyg02
Because the demand for wheat tends to be inelastic. true or false
Answers: 1
image
Business, 22.06.2019 19:30, buggamarshall85
The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?
Answers: 1
image
Business, 22.06.2019 20:30, jessicaisbaehood
Juanita and sam attend a beach party and notice that the local beach appears to have a great deal more trash washed up on shore than it did when they were young. the water doesn't appear nearly as clear, and there seems to be less evidence of small water creatures living in the shallows. an afternoon at the local library convinces them that one major cause is the new factory nearby. after some discussion, they decide their next step should be identifying the cause of the changes identifying the problem picketing the guilty factory lobbying their elected representatives to complain about the problem talking to a local environmental group about solutions
Answers: 3
You know the right answer?
A company uses the gross method to account for cash discounts offered to its customers. If payment i...

Questions in other subjects:

Konu
Mathematics, 22.03.2021 22:50
Konu
Mathematics, 22.03.2021 22:50
Konu
Mathematics, 22.03.2021 22:50
Konu
Arts, 22.03.2021 22:50