Which of the Following Is Recorded Upon Receipt of a Payment

question 66

Multiple Choice

Which of the following is recorded upon receipt of a payment on April 7, 2012, by a customer who pays a $900 invoice dated March 3, 2012, with terms 2/10, n/60?

• A) Debit Sales Discounts $18.
• B) Credit Purchase Discounts $18.
• C) Credit Accounts Receivable $882.
• D) Debit Cash $900.

---

Definitions:

Performance Measure

Metrics or indicators used to assess the efficiency, effectiveness, and productivity of an employee, team, or organization.

Motivator

A factor that encourages individuals to act or behave in a certain way in order to achieve desired outcomes.

Managers

Individuals responsible for planning, leading, organizing, and controlling the operations of a business or a part of it to achieve organizational objectives.

Pay

Compensation received by an employee for their work or services.