What is recorded in the general amount columns of the cash


Question: 1. Why would a vendor offer a cash discount to a customer?

2. What is recorded in the general amount columns of the cash payments journal?

3. What is the diff erence between purchasing merchandise and buying supplies?

4. What is meant by terms of sale 2/10, n/30?

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Accounting Basics: What is recorded in the general amount columns of the cash
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