The Account Used by the Purchaser to Record the Amount

question 31

Multiple Choice

The account used by the purchaser to record the amount of discount granted by its suppliers for prompt payment is the:

• A) discount received account.
• B) discount allowed account.
• C) discount credit account.
• D) financial revenue account.

---

Definitions:

First Major Event

A significant occurrence or happening, often one that influences or initiates a series of developments.

Birth Of The First Child

A significant life event marking the arrival of a couple's or individual's first offspring, often leading to major personal and societal changes.

Family Cycle

Refers to the series of stages through which a family goes through over time, covering events from marriage, parenthood to the departure of children and old age.

Major Event

An important occurrence or happening with significant impact or consequence.