Question 44 Not yet en Medoute From the following which transactions require two journal entries in case of procticing perpetual system? Purchase and purchase returns Soles and sales returns c. Payment is made dCash received buition 45 NOVE an which inventory cost appears as a cost of goods sold in an income statement under Litio methods O a The most recent cout G. Morket value 0. Mix of both the oldest and the most recent cost Od the oldest com 46 Not yet How Not ole is calculated in the Muhip incoro Statement aos - Opences soles sales discounts soles returns and allowances c. None of the above Od Sales - Cost of goods sold Og Not yet Maruto what do you mean by Cash discount? O atis deduction from the Seller for the damage of goods in the shipment c. It is a deduction from the Invoice price that can be taken only the payment is made in the specified time od is a deduction from the seller for the return of the goods None of these Boston