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On Behalf of the Business, You Pay D

Question 6

Multiple Choice

On behalf of the business, you pay D. Grey's account within 10 days. The company owes D. Grey
£10,000 for purchases made. D. Grey agrees to give you a discount of 5%. The accounting entry to
Post this in the books of a company is:


A) On behalf of the business, you pay D. Grey's account within 10 days. The company owes D. Grey £10,000 for purchases made. D. Grey agrees to give you a discount of 5%. The accounting entry to Post this in the books of a company is: A)    B)    C)    D)
B) On behalf of the business, you pay D. Grey's account within 10 days. The company owes D. Grey £10,000 for purchases made. D. Grey agrees to give you a discount of 5%. The accounting entry to Post this in the books of a company is: A)    B)    C)    D)
C) On behalf of the business, you pay D. Grey's account within 10 days. The company owes D. Grey £10,000 for purchases made. D. Grey agrees to give you a discount of 5%. The accounting entry to Post this in the books of a company is: A)    B)    C)    D)
D) On behalf of the business, you pay D. Grey's account within 10 days. The company owes D. Grey £10,000 for purchases made. D. Grey agrees to give you a discount of 5%. The accounting entry to Post this in the books of a company is: A)    B)    C)    D)

Correct Answer:

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