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What is the amount radhika gupta account is credited for

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Reference no: EM133162074

Question -

A) Explain the difference between using the delivery expense account and merchandise inventory account when recording delivery charges?

B) Why are sales discounts, sales returns and cost of goods sold recorded as a debit?

C) Why do business offer cash discounts when the final effect of doing so is a reduction in net revenue?

D) Merchandise worth $1000 was sold to Radhika Gupta. The terms of sale were 3/10, n/30. A cheque for $970 was received from Radhika Gupta within 10 days. When recording the $970 cheque, what is the amount Radhika Gupta's account is credited for? Explain your answer.

Reference no: EM133162074

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