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dedylja [7]
4 years ago
5

Using the gross method, purchase discounts lost are:

Business
1 answer:
Alla [95]4 years ago
7 0

Answer:

A. Included in purchases.

Explanation:

The adjustment of the purchase discount lost under the gross method is included in the purchase amount. If the payment is made within the discount period, then the discount is applicable otherwise not, if the payment is not made within the discount period.

The journal entry is shown below:

Purchase A/c Dr XXXXX

      To Account payable A/c XXXXX

(Being the goods are purchased on credit)

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3 years ago
how can electricity, communication, and transportation facilities indicate the potential for industrial growth?​
Dima020 [189]

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3 years ago
. Define a primary and secondary market for securities and discuss how they differ. Discuss how the primary market is dependent
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Explanation:

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3 0
3 years ago
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Kazeer [188]

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7 0
3 years ago
When must you sign a deposit slip?
lesya [120]
I believe the answer is: B. <span>You only need to sign a deposit slip when receiving cash.

Deposit slip would be filled with a list of cash and cash equivalent that you give to bank teller to be added to your bank account.
Most bank provide the services which allow you to take small percentage of your deposited check in the form of cash. When doing this, you need to sign it as a form of authorization.</span><span />
4 0
4 years ago
Read 2 more answers
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