Author Question: A discount from the buyer's perspective for prompt payment: a. Sales Discount b. Purchases ... (Read 106 times)

mpobi80 · **on:** Jul 6, 2018

A discount from the buyer's perspective for prompt payment:
a. Sales Discount
b. Purchases Discount
c. Prompt Payment Discount
d. None of these

Question 2

Proprietary funds recognize

a. expenditures when the fund incurs a liability for goods or services.
b. expenditures when the fund uses goods or services.
c. expenses when the fund incurs a liability for goods or services.
d. expenses when the fund uses goods or services.