A Discount on Merchandise Purchased Would Be A

question 57

Multiple Choice

A discount on merchandise purchased would be a:

• A) debit to Accounts Receivable, and a credit to Merchandise Inventory.
• B) debit to Merchandise Inventory, and a credit to Accounts Receivable.
• C) debit to Accounts Payable, and a credit to Merchandise Inventory.
• D) debit to Merchandise Inventory, and a credit to Accounts Payable.

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Definitions:

Repairs

The process of fixing or restoring something that is broken or damaged to bring it back to a good condition.

Hydraulic Car Smasher

A machine used in scrapyards to crush cars into small, compact pieces using hydraulic power.

Dispose of Cars

The process of discarding or recycling vehicles that are no longer functional or needed.

Total Costs

The aggregate of all expenses incurred by a business in the production of goods or services, including fixed and variable costs.