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

question 180

Multiple Choice

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

• A) debit to Cash for ¥8,820.
• B) credit to Accounts Receivable for ¥9,000.
• C) credit to Cash for ¥9,000.
• D) debit to Sales Discounts for ¥180.

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Definitions:

Disenfranchise

The revocation of the right to vote or other rights of citizenship, often affecting specific populations or groups.

Convicted of Felonies

Refers to individuals who have been found guilty by a court of law for committing crimes considered severe.

Poll Taxes

A tax levied on an individual as a prerequisite for the right to vote, historically used to prevent African American voters from exercising their voting rights.

Social Institutions

Established systems of social order that structure society, such as family, education, religion, and the economy.