Which
of the following is incorrect
if it is probable that the discount will be taken ?

Question

Which
of the following is  incorrect 
if it is probable that the discount  will be taken ?

Answer

We will recognize the full amount as sales, as this is the income we are anticipating

Answer

Trade receivable figure will be net of the discount

Answer

We will recognize sales in the profit calculation net of the discount as this is the income we anticipate earning.

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