Rebecca sells inventory to a customer
for R100 and offers 10% prompt settlement discount.

Which of the following transaction
represents that it is probable that the customer will take advantage of the
discount?

Question

Rebecca sells inventory to a customer
for R100 and offers 10% prompt settlement discount.

Which of the following transaction
represents that it is probable that the customer will take advantage of the
discount?

Answer

(b)
Dr Trade receivables       90,      Cr Sales                               90

Answer

(c) Dr Trade
receivables     100,      Cr
Sales                             100

Answer

(a) Dr   Bank                           100,     Cr Sales                         100

Answer

(d) Dr Trad
receivables          10,      Cr discount received        10

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