If a Customer Takes a Sales Discount an Entry Is

question 71

Multiple Choice

If a customer takes a sales discount an entry is made in the

• A) cash receipts journal.
• B) sales journal.
• C) cash payments journal.
• D) general journal.

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Definitions:

Fixed Assets

Long-term tangible property, plant, and equipment that a company owns and uses in its operations to generate income.

Chlorine Atom

An elementary particle of chlorine, which is a chemical element with the symbol Cl and atomic number 17, known for its high reactivity and use as a disinfectant.

Ozone Molecules

Triatomic molecules consisting of three oxygen atoms, crucial for absorbing the majority of the sun's harmful ultraviolet radiation in the Earth's atmosphere.

Molecular Oxygen

A diatomic molecule composed of two oxygen atoms, O2, essential for most forms of life on Earth due to its role in cellular respiration.