The discount of 5% agreed on was granted only_____ no balance was outstanding from previous account.
举一反三
- The discount of 3% agreed upon was granted only ______ no balance was outstanding from previous accounts.（ ） A: depends on B: on condition C: on condition that D: condition that
- An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a(): ____ A: Accrued expense. B: Contra account. C: Accrued revenue. D: Intangible asset.
- A simple account form widely used in accounting as a tool to understand how debits and credits affect an account balance is called a: A: Withdrawals account. B: Capital account. C: Drawing account. D: T-account. E: Balance column sheet.
- 2.A 5% discount will be granted,______________________________________
- The owner's withdrawal account normally has a credit balance since it is an equity account.