Examlex
Which of the following statements is false?
Sales Discounts
A reduction in the price of goods or services sold, offered by the seller as an incentive to buyers.
Cash Flow
The net amount of cash and cash-equivalents being transferred into and out of a business.
Merchandisers
Businesses that purchase goods for resale at a profit, dealing primarily in tangible products that are marketed to consumers or other businesses.
Credit
An accounting entry that increases a liability or equity account, or decreases an asset or expense account; also refers to the provision of resources based on a trust agreement.
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