Purchase Discounts are taken on:
A) shipping expense.
B) Purchases Returns and Allowances.
C) Purchases.
D) All of the above except B
Answer: C
Business
You might also like to view...
Text in the Customer ________ field will appear on the printed invoice whereas text in the Memo field stores internal notes
What will be an ideal response?
Business
When preparing the statement of cash flows using the indirect method, the payment of dividends would appear as
a. a decrease in the operating activities section b. an increase in the operating activities section c. a use of cash in the financing activities section d. a source of cash in the financing activities section
Business