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Explain the importance of corroborating information from informants. Also, consider the distinctions between known informants, unknown informants, criminal informants, and citizen informants. Are the distinctions in how the law handles these different types of informants justified? Why or why not?
Credit To Inventory
An accounting entry that increases the inventory account, reflecting the addition of goods or the correction of an underreported inventory balance.
Credit Period
The amount of time the buyer is allowed in which to pay the seller.
Credit Memo
A document issued by a seller to a buyer, reducing the amount the buyer owes to the seller under previous invoices.
Percent Of Cash Discount
The percentage reduction in price offered for prompt payment of invoices to encourage early settlement of accounts payable.
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