A Cash Discount of $24 Taken Under the Net Method

question 76

Multiple Choice

A cash discount of $24 taken under the net method is recorded in:

• A) the check register.
• B) the voucher register.
• C) the general journal.
• D) None of these answers is correct.

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Definitions:

Neutral Safety Switch

A safety switch located in the control circuit of a cranking system designed to prevent engine cranking when an automatic transmission is in gear.

Open Circuit

An electrical circuit that is not energized, that is, no current is flowing. The opposite to a closed circuit.

Park Range

A setting in automatic transmissions that locks the transmission, preventing the vehicle from moving.

Inductive Pick-up Clamp

a tool used to measure electrical parameters in a conductor without direct contact, commonly used in automotive diagnostics.