The Collection of a ¥9,000 Account Within the 2 Percent

question 166

Multiple Choice

The collection of a ¥9,000 account within the 2 percent discount period will result in a

• A) debit to Sales Discounts for ¥180.
• B) debit to Accounts Receivable for ¥8,820.
• C) credit to Cash for ¥8,820.
• D) credit to Accounts Receivable for ¥8,820.

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Definitions:

Flexibility

The ability to adapt to changes, pivot strategies, or alter plans in response to new information or unexpected circumstances.

Cross-Training

A method where employees are trained to perform multiple roles or tasks outside their original job function, to enhance versatility and flexibility in operations.

Reward Systems

Mechanisms or programs designed within an organization to recognize and reward employee performance, often with the aim of motivating and retaining employees.

Intrinsic Rewards

Satisfaction derived from the activity itself rather than from external rewards, fostering internal motivation.