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Author Question: If the terms of sale are 1/10, n/30, the buyer has thirty days after the date of the invoice to take ... (Read 119 times)

ereecah

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on: Jul 6, 2018
If the terms of sale are 1/10, n/30, the buyer has thirty days after the date of the invoice to take advantage of a 1 percent cash discount.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A bill that should have been paid by a Special Revenue Fund was erroneously paid by the General Fund. The General Fund refunds the amount to the Special Revenue Fund. This transaction is an example of an interfund
 
  A. Transfer.
  B. Services provided and used transaction.
  C. Reimbursement transaction.
  D. Loan.


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reelove4eva

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Reply #1 on: Jul 6, 2018
Answer to Question 1

False

Answer to Question 2

C


ereecah

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Reply #2 on: Jul 6, 2018
Correct answers!


reelove4eva

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Reply #3 on: Jul 6, 2018
Great! Please up vote :D


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