Words That Express Thoughts Clearly Tend to Be What Types

question 37

Multiple Choice

Words that express thoughts clearly tend to be what types of words?

• A)Jargon
• B)Concrete words
• C)Strong, precise words
• D)Abstract words
• E)Nouns

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Definitions:

Sales Refund Payable

A liability account representing the amount that a company expects to refund to customers for returned products.

Net Method

The net method is an accounting practice where purchase discounts are subtracted upfront from the cost of inventory, leading to the recording of purchases at their net cost if payment is made within a discount period.

Recording Purchases

The process of documenting transactions related to acquiring goods or services, essential for accurate financial reporting and inventory management.

Cash Discounts

These are deductions allowed by sellers on invoice amounts if the buyer pays promptly within a specified period, serving as an incentive for early payment.