Question 37 Not yet answered Marked out of 1.00 The buyer received an invoice from the seller for merchandise with list price of RO 3500 and credit terms of 2/EOM and n/30. The meaning of 2/EOM is O a. A buyer who pays by the end of the month of purchase may deduct RO 3500 O b. A buyer who pays by the end of the month of purchase may deduct RO 70 discount O c. If the buyer is not paid within the end of month, the entire invoice will be given 2% discount O d. A buyer who pays by the end of the month of purchase cannot deduct 2% discount Flag question Question 38 Not yet answered Marked out of 1.00 Which of the following is true for Accounting term? O a. It is the language of business O b. It deals all personal records of the business Oc. It is the amount invested in the business Od it equals the business assets with business profits and losses Flag question Which of the following transactions will be recorded in cash receipt journal? Question 39 Not yet answered Marked out of 1.00 Hag question O a Payment of monthly expenses O b. Receipt of income Oc Purchase of goods for cash O d. Purchase of goods on credit Question 40 Expenses related to office maintenance will be called as Not yet answered Marked out of 1.00 O a. Selling expenses O b. Sales Discount expense Oc General and Administration expense Od Marketing expense Flag