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Reduction from the Invoice Price for Prompt Payment as Recorded

Question 103

Multiple Choice

Reduction from the invoice price for prompt payment as recorded on the books of the buyer


A) Purchases discount
B) Cash discount
C) Trade discount
D) Credit terms
E) Cash payments journal
F) Promissory note
G) Cash receipts journal
H) Credit Card Expense
I) Credit period
J) Sales discount

Correct Answer:

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