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Gross sales equals: O A. net sales minus sales discount. O B. sales discount less net income. OC. the total of cash sales and credit
Gross sales equals: O A. net sales minus sales discount. O B. sales discount less net income. OC. the total of cash sales and credit sales. OD. supplies minus inventory. Accounts of a single type are kept in the: O A. supplemental ledger. OB. primary ledger. O c. subsidiary ledger. OD. None of these answers is correct. Accounts in the accounts receivable subsidiary ledger are listed alphabetically. O O True False Credit terms of 4/10,n/30 mean that: O A. a 4% discount is allowed if the bill is paid within 30 days. OB. a 4% discount is allowed if the customer pays the bill within 10 days, or the entry amount is due within 30 days. O c. a 4% discount is allowed if the bill is paid within between 10 and 30 days. OD. a 4% discount is allowed if the bill is paid before the 10th day of the following month
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