A company uses the gross method of recording purchases.An invoice was paid after the discount date.The full amount of the invoice would be recorded in the:

Name: A company uses the gross method of recording purchases.An invoice was paid after the discount date.The full amount of the invoice would be recorded in the:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The full amount of the invoice is recorded in the check register when the payment is made after the discount date, as the discount is no longer applicable.

A Company Uses the Gross Method of Recording Purchases