Answered: Down payment refers to a. A trade…

Business

Accounting

Down payment refers to a. A trade discount b. An installment payment C. A partial payment d. A cash discount

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter10: Cash Receipts And Cash Payments

Section: Chapter Questions

Problem 8DQ

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Question

Down payment refers to
a. A trade discount
b. An installment payment
C. A partial payment
d. A cash discount

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