Reduction from the Invoice Price for Prompt Payment as Recorded

question 23

Multiple Choice

Reduction from the invoice price for prompt payment as recorded on the books of the seller

• A)Purchases discount
• B)Cash discount
• C)Trade discount
• D)Credit terms
• E)Cash payments journal
• F)Promissory note
• G)Cash receipts journal
• H)Credit Card Expense
• I)Credit period
• J)Sales discount

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Definitions:

Axon

A long, slender projection of a nerve cell that typically conducts electrical impulses away from the neuron's cell body.

Cell Body

The part of a neuron that contains the nucleus and most of the cytoplasm and organelles, essential for the cell's metabolism and repair.

Schwann Cells

Schwann cells are a type of glial cell located in the peripheral nervous system, responsible for the formation of myelin sheaths around neurons, which helps speed up the transmission of nerve impulses.

Fascicle

A bundle of skeletal muscle fibers surrounded by connective tissue, contributing to the structure and function of muscles.