To record the payment of a purchase invoice when a cash discount is taken,the accountant would
A) debit Accounts Payable,credit Purchases Discounts,and credit Cash.
B) debit Accounts Payable,debit Purchases Discounts,and credit Cash.
C) debit Accounts Payable and credit Cash.
D) debit Purchases,credit Purchases Discounts,and credit Cash.
Correct Answer:
Verified
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