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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
A company pays an invoice early and takes 4% off of the original invoice price. The account to be credited for this amount under a perpetual inventory system is:
A) Inventory.
B) Accounts Payable.
C) Discount.
D) Cash.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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7 years ago
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More solutions for this book are available here
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Massachusetts Institute of Technology
-- Accounting

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tivo Author
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#2
7 years ago
I appreciate it once again, answered correctly
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