Which Role Do Properly Linked Accounts Not Perform for a Purchase

question 16

Multiple Choice

Which role do properly linked accounts not perform for a purchase invoice -

• A)allow all subsidiary ledgers to be updated with one amount
• B)allow HST to be recorded
• C)allow freight expense to be recorded
• D)allow purchase discounts to be recorded

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Definitions:

Operating Cash Flow

Represents the amount of cash generated by a company's normal business operations.

Interest Expense

The cost incurred by an entity for borrowed funds.

Tax Rate

The proportion of income or profits taken as tax by the government from an individual or company.

Straight-Line Depreciation

A blueprint for allocating the expense of a solid asset across its useful life in even yearly installments.