Indicate Whether Each of the Following Statements Is True or False

question 80

Short Answer

Indicate whether each of the following statements is true or false.
_____ a)A cash discount is extended to reward the buyer for purchasing large quantities of goods.
_____ b)A purchase discount refers to a cash discount as seen from the seller's viewpoint.
_____ c)A sales discount refers to a cash discount as seen from the buyer's view.
_____ d)In a perpetual inventory system,a sales discount is recorded as a reduction of sales revenue.
_____ e)In a perpetual inventory system,a purchase discount is recorded as a reduction of merchandise inventory.

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Definitions:

Diode

A semiconductor device that allows current to flow in one direction only, commonly used for rectification or as a check valve in electrical circuits.

Circuit Resistance

The opposition to the flow of electric current within a circuit, measured in ohms, affecting the circuit's performance and power consumption.

DMM

Stands for Digital Multimeter, an electronic measuring instrument that combines several measurement functions in one unit, such as voltage, current, and resistance.

Ohmmeter

A device used to measure electrical resistance in units of ohms.