Martin Corporation Used the Gross Method of Recording Purchases,the Voucher

question 6

Multiple Choice

Martin Corporation used the gross method of recording purchases,the voucher system and the periodic inventory method.A purchase of $6,000,2/15,n30 would be recorded as:

• A)debit Purchases $6,000;credit Accounts Payable $6,000.
• B)debit Purchases $6,000;credit Vouchers Payable $6,000.
• C)debit Purchases $5,880;credit Accounts Payable $5,880.
• D)debit Purchases $5,880;credit Vouchers Payable $5,880.

---

Definitions:

External Agents

Individuals or entities outside an organization that influence its operations, strategies, or changes, such as consultants or regulatory bodies.

Anticipatory Socialization

The process of learning and adapting to the norms, values, and roles of a social group or situation one expects to enter in the future.

Reliable Job Behaviour

Consistent and predictable actions performed by an employee that fulfill job responsibilities and organizational expectations.

Polygraph

A device used to detect physiological changes in a person's body as a response to questions asked, aiming to determine truthfulness.