Either the Gross Method or Net Method May Be Used

question 76

True/False

Either the gross method or net method may be used to record sales with cash discounts,but the gross method requires a period-end adjusting entry to estimate expected future sales discounts taken.

---

Definitions:

Depression

An emotional health issue defined by an ongoing depressed state or absence of pleasure in tasks, which considerably hinders daily activities.

Psychological Disorders

Mental disorders characterized by patterns of thought, feeling, and behavior that are significantly distressing, deviant from cultural norms, and lead to impairment in functioning.

Substance Abuse

The adverse or perilous engagement with psychoactive substances, encompassing both alcohol and banned drugs.

Treatment Costs

The financial expenditures associated with medical treatments, including the price of medications, therapy sessions, and other healthcare services.