To record a cash discount allowed on a purchase:
a. no entry is required.
b. purchase returns and allowances is credited.
c. purchase discounts is credited.
d. purchases is credited.
c
You might also like to view...
When an employee files a grievance pursuant to a company procedure developed to address such matters, he is exercising a power-based approach to resolving conflict
Indicate whether the statement is true or false.
The marketing team at TM Co. decides to focus its advertising efforts for a new product on the radio rather than television based on the cost-benefit analysis for each option. After a month, the team reconvenes to review the first month's sales data and radio advertising expenses. This is which step in an effective decision-making process?
A. feedback B. choose alternatives C. implement alternatives D. evaluate alternatives E. satisficing
In a client/server architecture, an optional _____ is sometimes used to pass bulk information to the server
a. request line b. request message c. entity body d. request header
A firm's purchase of plant and equipment would be considered a
A) use of cash for financing activities. B) use of cash for operating activities. C) source of cash for operating activities. D) use of cash for investment activities.