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Which of the following statements is correct? The purchase requisition is the form sent to a supplier to order goods. The Purchases account is reported
Which of the following statements is correct? The purchase requisition is the form sent to a supplier to order goods. The Purchases account is reported as an asset on the balance sheet. To the customer, a supplier's invoice is a purchase order invoice. The credit terms, 2/10, n/30, allow the customer to take a 2 percent discount if payment is made within 10 days of the invoice, otherwise payment is due in full in 30 days
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