Multiple Choice
Griffin Ltd made a sale of $800 to a customer on terms of 2/10, n/30 on 1 July. The account was paid on 8 July. Griffin Ltd would make which of the following postings to the ledger on 8 July?
A) DR Discount expense $16
B) DR Accounts receivable $800
C) CR Discount revenue $16
D) CR Discount expense $16
Correct Answer:
Verified
Correct Answer:
Verified
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