company pays an invoice early and takes 4% off of the original invoice price.
The account to be...

Question

company pays an invoice early and takes 4% off of the original invoice price. 
The account to be credited for this amount under a perpetual inventory is 
 A. Cash B. Discount C. Account payable D. Inventory

David · Accepted Answer

Company pays an invoice early and takes 4% off of the original invoice price. The account to be credited for this amount under a perpetual inventory is A. Cash B. Discount C. Account payable D. Inventory
Answer:
Option C is correct.

company pays an invoice early and takes 4% off of the original invoice price. The account to be credited for this amount under a perpetual inventory is A. Cash B. Discount C. Account payable D....

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment