Question
The company provided quantity discount (5%) for the customers if the total sells amounted more than 1 m (JD) during the two years from the
The company provided quantity discount (5%) for the customers if the total sells amounted more than 1 m (JD) during the two years from the relationship date. On 15/02/2020, the company sold units for 250,000 JD to a customer. The company expected that the customer will purchase units in more than 1 m (JD) during the next two years. The cost of unit was 210,000 JD.
What is a sales journal entry on 15/02/2020?
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Based on the given information the company provided a quantity discount of 5 to ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
