Multiple Choice
As the president of Harter Company, you notice that no discounts have been taken when settling accounts payables.What would be an acceptable explanation?
A) All invoices have credit terms of n/30.
B) There is not sufficient cash to pay within the discount period.
C) Discounts are missed because no one knows how to enter them in the new accounting software.
D) The full amount of the invoice is being paid within the discount period and the treasurer is pocketing the discount amount.
Correct Answer:
Verified
Correct Answer:
Verified
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