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Which of the following is true with regard to the sales discounts? A . Under the gross method, sales discount is recorded when the customer
Which of the following is true with regard to the sales discounts?
A
Under the gross method, sales discount is recorded when the customer pays within the discount period.
B
Under the net method, sales discount is recorded when the customer pays within the discount period.
C
Under the gross method, sales discounts forfeited is recorded when the customer pays within the discount period.
D
Under the net method, sales discounts forfeited is recorded when the customer pays within the discount period.
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