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.

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Definitions:

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A Z score, or standard score, is the number of standard deviations an observation is from the mean, used in statistics to compare observations from different datasets.

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