This topic contains a solution. Click here to go to the answer
« previous next »

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 53 times)

ereecah

  • Hero Member
  • *****
  • Posts: 530
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

reelove4eva

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 6, 2018
Answer to Question 1

False

Answer to Question 2

C


ereecah

  • Hero Member
  • *****
  • Posts: 530
Reply #2 on: Jul 6, 2018
Correct answers!


reelove4eva

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jul 6, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Understanding cells in terms of their molecular components. Understanding cells in terms of their molecular components.
The following terms describe types of body movement that occur at the diarthrotic joints The following terms describe types of body movement that occur at the diarthrotic joints
five days after the fertilisation five days after the fertilisation
Richmond, Virginia, lies in ruins in April 1865 at the time of Lincoln’s visit—and a few days before Richmond, Virginia, lies in ruins in April 1865 at the time of Lincoln’s visit—and a few days before
One way to think about the different phases or stages of adulthood is in terms of the relative ... One way to think about the different phases or stages of adulthood is in terms of the relative ...
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Introduction to Macular Degeneration

For a complete list of videos, visit our video library