Which Method May Be Used to Record Cash Discounts a Company

question 17

Multiple Choice

Which method may be used to record cash discounts a company receives for paying suppliers promptly?

• A) Net method.
• B) Gross method.
• C) Average method.
• D) Both the net method and the gross method.

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Definitions:

Aetiology

The study of the causes or origins of diseases and disorders.

Epidemiology

The study and analysis of the distribution, patterns, and determinants of health and disease conditions in defined populations.

Prognosis

A prediction regarding the likely course and outcome of a disease or condition, based on medical knowledge and patient-specific factors.

Diagnosis

The process of identifying and determining the nature of a disease or disorder through evaluation of patient history, examination, and review of laboratory data.