6. Which should be entered on the credit side of the trade receivables control account? A Credit sales B Discount allowed C Interest charged D Returns outwards

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18-07-2022
Business

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6. Which should be entered on the credit side of the trade receivables control account? A Credit sales B Discount allowed C Interest charged D Returns outwards

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-07-21T17:18:55+02:00

To be entered on the credit side of the trade receivables control account is a Credit sales and Discount allowed. Option A n B is further explained below.

What is Credit sales?

Generally, Transactions in which the buyer defers payment are known as credit sales. When a seller intends to sell a product, they often choose this date.

In conclusion, Credit sales and discounts are recorded on the credit side of the trade receivables management account.

6. Which should be entered on the credit side of the trade receivables control account? A Credit sales B Discount allowed C Interest charged D Returns outwards​

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What is Credit sales?

Otras preguntas

6. Which should be entered on the credit side of the trade receivables control account? A Credit sales B Discount allowed C Interest charged D Returns outwards