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Match the Items Below by Choosing the Appropriate Code Letter

Question 23

Multiple Choice

Match the items below by choosing the appropriate code letter .
-These specify the amount of cash discount and the time period during which it is offered.


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

Correct Answer:

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