The Entry to Record Payment of a Voucher,for an Invoice

question 94

Multiple Choice

The entry to record payment of a voucher,for an invoice within the discount period,under the net method will include:

• A)a debit to Purchase Discounts Lost.
• B)a credit to Purchase Discounts.
• C)a credit to Discounts Lost.
• D)None of these is correct.

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, is able to elicit a conditioned response on its own.

UCS

stands for Unconditioned Stimulus, a term in classical conditioning that refers to a stimulus that elicits a natural, unconditioned response without prior learning.

CS

An acronym that stands for Conditioned Stimulus, a previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually comes to trigger a conditioned response.

CS

Stands for Conditioned Stimulus, an initially neutral stimulus that, after being associated with an unconditioned stimulus, triggers a conditioned response.