24 - How are the total values received or to be received in return for goods and services sold abroad into which account? A) Other Discounts Account / Debt B) Foreign Sales Account / Receivable C) To / Credit to Gross Sales Account D) Other Sales will be credited to your account E) Domestic Sales Account / Receivable
24 - How are the total values received or to be received in return for goods and services sold abroad into which account? A) Other Discounts Account / Debt B) Foreign Sales Account / Receivable C) To / Credit to Gross Sales Account D) Other Sales will be credited to your account E) Domestic Sales Account / Receivable
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 13MC: Which of the following accounts are used when recording the sales entry of a sale on credit? A....
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24 - How are the total values received or to be received in return for goods and services sold abroad into which account?
A) Other Discounts Account / Debt
B) Foreign Sales Account / Receivable
C) To / Credit to Gross Sales Account
D) Other Sales will be credited to your account
E) Domestic Sales Account / Receivable
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