A Column for Discount Allowed Could Be Found in Which

question 13

Multiple Choice

A column for discount allowed could be found in which special journal?

• A) General
• B) Cash payments
• C) Cash receipts
• D) Sales

---

Definitions:

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing more accurate product cost information.

Activity-Based Costing

An accounting method that identifies and assigns costs to overhead activities and then assigns those costs to products.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on the actual consumption of each.

Activity-Based Costing

A costing methodology that assigns costs to products or services based on the activities and resources that go into their production or provision, aiming for more accurate cost allocation.