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Q6. What are two methods of recording accounts receivable transactions when a cash discount situation is involved? Which is more theoretically correct? Which is used

Q6. What are two methods of recording accounts receivable transactions when a cash discount situation is involved? Which is more theoretically correct? Which is used in practice more of the time? Why? Please provide relative web links to answer those questions. Such as content from Investopedia, cliffsnotes, and accounting tools.

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