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Select the One Term That Best Fits Each Definition

Question 23

Multiple Choice

Select the one term that best fits each definition
-A cash discount on a sale taken by the customer.


A) accounts receivable ledger
B) batch report
C) batching out
D) cash receipts journal
E) cash sale
F) markup
G) point-of-sale (POS) terminal
H) sales discount
I) sales journal
J) sales tax
K) schedule of accounts receivable
L) selling price
M) terminal summary

Correct Answer:

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