Reduction from the Invoice Price for Prompt Payment as Recorded

question 29

Multiple Choice

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

• 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:

Atomic Number

Number of protons in each type of atom.

Mass Number

Number of protons plus the number of neutrons in each atom.

Neutrons

Subatomic particles found in the nucleus of an atom that have no electric charge.

Mass Number

The total number of protons and neutrons in an atom's nucleus, indicating the mass of the atom.