Multiple Choice
Match the items below by choosing the appropriate code letter .
-A cash discount claimed by a buyer for prompt payment of a balance due.
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:

Verified
Correct Answer:
Verified
Q25: Match the items below by choosing the
Q26: The goods and services tax is commonly
Q27: Metal Music Ltd is a retail store
Q28: Match the items below by choosing the
Q29: Complete the following statements:<br>-The amount of goods
Q30: The operating expenses to sales ratio is
Q31: Under the perpetual inventory system what is
Q32: Complete the following statements:<br>-A useful measure for
Q33: Ethics: Glasco Ltd manufactures electronic components for
Q35: Sales revenue less cost of sales is