Multiple Choice
The discount from entering a line discount in the sales journal -
A) is applied immediately as a debit to the sales discount revenue account
B) is applied when the invoice is paid
C) is applied immediately to a separate linked line discount account
D) is applied immediately to reduce the amount credited to the revenue account
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Department account information is automatically added to
Q7: You can add departments to general ledger
Q8: To add a department to an account
Q9: You can add departments to -<br>A) accounts<br>B)
Q10: Which of the following statements is correct
Q12: If you add departments to an account
Q13: When you use five-digit account numbers, asset
Q14: If the line discount columns are missing
Q15: When you add departments to supplier records
Q16: Departmental information cannot be added to a