When a discount is taken for prompt payment under a perpetual inventory system, the purchaser would credit:
A)Accounts Payable.
B)Accounts Receivable.
C)Purchases Discounts.
D)Inventory.

Question

Quizplus · Accepted Answer

The Answer of When a discount is taken for prompt payment under a perpetual inventory system, the purchaser would credit:
A)Accounts Payable.
B)Accounts Receivable.
C)Purchases Discounts.
D)Inventory.

When a Discount Is Taken for Prompt Payment Under a Perpetual