Discounts received are (A) Deducted when we receive cash (B) Given by us when we sell goods
Question:
Discounts received are
(A) Deducted when we receive cash
(B) Given by us when we sell goods on credit
(C) Deducted by us when we pay our accounts
(D) None of these.
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The correct answer is C Deducted by us when we pay our accounts Discounts received refer to reductio...View the full answer
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Related Book For 
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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