The Collection of a $1,500 Account Within the 2 Percent

question 38

Multiple Choice

The collection of a $1,500 account within the 2 percent discount period will result in a

• A)debit to Sales Discounts for $30.
• B)debit to Accounts Receivable for $1,470.
• C)credit to Cash for $1,470.
• D)credit to Accounts Receivable for $1,470.

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Definitions:

Malpractice Insurance

A type of professional liability insurance that protects healthcare providers against patient claims of malpractice.

Providing Care

The act of assisting or managing the health needs of another individual, often involving medical, personal, or emotional support.

Incident Report

A detailed account of an unexpected event in the workplace, used to document what happened and prevent recurrence.

Fall Prevention

Strategies and practices aimed at reducing the likelihood of falls, especially in the elderly or those with mobility issues.