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Which of thefollowing is incorrect if itis probable that the discount will be taken?
Which of the
following is
if it
is probable that the discount
(a) We will recognize the full amount as sales,as this is the income we are anticipating
(a) We will recognize the full amount as sales,
as this is the income we are anticipating
(b) Trade receivable figure will be net of the discount
(b)
Trade receivable figure will be net of the discount
(c) Wewill recognize sales in the profit calculation net of the discount as this isthe income we anticipate earning.
(c) We
will recognize sales in the profit calculation net of the discount as this is
the income we anticipate earning.
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