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Which a sales invoice is a source document that

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Reference no: EM133007445

Problem 1: The collection of a P900 account after the 2 percent discount period will result in a

A) debit to Accounts Receivable for P900.
B) debit to Cash for P900.
C) debit to Sales Discounts for P18.
D) debit to Cash for P882.

Problem 2: A sales invoice is a source document that

A) provides support for goods purchased for resale.
B) serves only as a customer receipt.
C) provides evidence of credit sales.
D) provides evidence of incurred operating expenses.

Reference no: EM133007445

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