The Entry to Record Payment of a Voucher,for an Invoice

question 62

Multiple Choice

The entry to record payment of a voucher,for an invoice within the discount period,under the net method will include:

• A)a debit to Purchase Discounts Lost.
• B)a credit to Purchase Discounts.
• C)a credit to Discounts Lost.
• D)None of these are correct.

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Definitions:

Infidelity

The act of being unfaithful or violating the trust in a committed relationship or marriage through sexual or emotional relationships with someone else.

Co-Custody

A situation where two parties share legal responsibility and authority for the care and upbringing of a child.

Physical And Legal Custody

Terms that refer to the physical residence of a child and the legal right to make decisions regarding the child's upbringing, respectively.

Custody

A court-mandated ruling regarding which divorced parent will have the primary responsibility for the children’s upbringing.