Business

2. This type of discount is not recognized for accounting purposes because they are primarily used to establish pricing policy.

• Cash discount

• sales discount

• Trade discount

• sales return and allownces

3. Sold merchandise to Ricardo Ricarte y Roxas de Silang con Rizal worth 5000.00. What will be your debit entry for this transaction.

• Cash

• Sales

• Sales Return and allowances

• Sales Discount

5. Ricardo Ricarte y Silang con Rizal paid his obligation amounting to 10,000.00. In this transaction what is your credit entry?

• Sales discount

• sales

• cash

• Account Recievable

1. Patricia Dimaculangan y Dimalampasan bought furniture for the Candy Store worth Php 25,000.00. in cash. How are you going to record this transaction?

• Dr-Furniture

  Cr-Cash

• Dr- Cash

  Cr- furniture

• Dr - Cash

  Cr - Capital

• Dr- Furniture

  Cr - Capital

4. Mr. Donald Grey invested cash amounting to 30,000 for his Food Delivery Business. How are you going to journalize this transaction?

• Dr - Capital

  Cr - Cash

• Dr - Cash 30000

  Cr - Capital 30000

• Dr - Cash

  Cr - Sales

• Dr - cash

  Cr - Trade discount