Answer:
is it a multiple choice question or?
Explanation:
Explanation:
The journal entry is shown below:
Accounts payable A/c Dr $1,600
To Cash A/c $1,568
To Merchandise Inventory A/c $32
(Being due amount is paid and the remaining balance is credited to the cash account)
The computation is shown below:
For account payable
= Purchase value of goods - credit from the supplier for damaged goods
= $1,900 - $300
= $1,600
For discount
= $1,600 × 2%
= $32
We assume the perpetual inventory method is followed
Answer:
B. facts and figures related to the problem that are divided into two main parts: secondary data and primary data
Explanation:
Data is referred to as facts and figures or in general information that is used as basis for reasoning and calculations and important in decision making. There are two main parts of data
1. Primary Data
2. Secondary Data.
Primary data are data collected by the investigator or researcher or agency for a specific purpose. They are first hand data. They include surveys, observations, experiments, questionnaires and so on.
Secondary data are data collected by someone else for some other purpose but being used by the investigator for another purpose. They are fabricated data. They include books, journals, articles and so on.
