Question: 10) Please solve all the questions, and please write the question number before answering, I just want the answer code please help.I will not forget

10) Please solve all the questions, and please write the question number before answering, I just want the answer code please help.I will not forget your favor principal of Accounting 2
10) Please solve all the questions, and please write the question number
before answering, I just want the answer code please help.I will not
forget your favor principal of Accounting 2 Question 46 Not yet answered
Marked out of 1 Flag question What do you mean by Cash
discount? a. It is deduction from the Seller for the damage of

Question 46 Not yet answered Marked out of 1 Flag question What do you mean by Cash discount? a. It is deduction from the Seller for the damage of goods in the shipment. O b. It is a deduction from the seller for the return of the goods O c. None of these O d. It is a deduction from the Invoice price that can be taken only if the payment is made in the specified time. Question 47 Not yet answered Marked out of 1 Flag question Merchandising companies offer terms of sale to their customers during the sale of goods like 2/10/EOM, n/70. What does ten mean in the given terms of sale? a. None of these O b. It is the number of days to be taken for the payment in the End of the Month to avail the cash discount. O c. It is percentage of discount to be availed. O d. It is the number of days to be taken for the payment in the next month to avail the cash discount. Question 48 Not yet answered Marked out of 1 P Flag question What do you mean by Net 45 in the terms of sale in merchandising operations? O a. 45% cash discount is offered to the customer. O b. 45 days to be taken to claim the cash dividend. O c. Full 45 days' time is provided to pay the Invoice price due. O d. None of these Question 49 Not yet answered Marked out of 1 P Flag question Merchandise bought on credit OMR 230 had been entered in the purchases journal as OMR 320. What is the correction journal entry for the above transaction? a. None of these. O b. Accounts payable a/c Debit OMR 180; Purchases a/c Credit OMR 180 C. Purchase a/c Debit OMR 90; Accounts payable a/c Credit OMR 90 o d. Accounts payable a/c Debit OMR 90; Purchases a/c Credit OMR 90 Question 50 Not yet answered Marked out of 1 P Flag question Plant bought in cash OMR 10,000 had been debited purchases account. What is the correction journal entry for the above transaction? O a. Plant a/c Debit; Purchases a/c Credit o b. Cash a/c Debit; Purchases a/c Credit O c. Purchases a/c Debit; Cash account Credit O d. None of these

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