Match the Items Below by Choosing the Appropriate Code Letter

Multiple Choice

Match the items below by choosing the appropriate code letter .
-A reduction given by the seller for prompt payment of a credit sale.

A) Net sales
B) Cash discount
C) Credit terms
D) Periodic inventory system
E) Gross profit ratio
F) Contra revenue
G) Freight-out
H) Gross profit
I) Sales invoice
J) Business activity statement
K) Input tax credit
L) Purchase discount