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:
A)check register.
B)voucher register.
C)general journal.
D)None of these answers is correct.

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of the invoice is recorded in the check register when the payment is made after the discount date, as the discount is no longer applicable.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