The Collection of a $6000 Account Within the 3 Percent

question 81

Multiple Choice

The collection of a $6000 account within the 3 percent discount period will result in a

• A) debit to Sales Discounts for $180.
• B) debit to Accounts Receivable for $5820.
• C) credit to Cash for $5820.
• D) credit to Accounts Receivable for $5820.

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Definitions:

Senior Executives

High-level managers within a company who are responsible for making strategic decisions and ensuring the organization's long-term success.

Global Leadership Ability

The skill or capacity to guide, influence, or direct groups or organizations within an international context towards achieving set goals.

Exchange Programs

Organized programs that allow individuals, typically students, to study or work abroad.

Global Leadership Competencies

The skills and abilities required to effectively lead and manage across different cultures and international borders.