Which of the following is an advantage of using the net price method for recording cash discounts on credit sales? a. It eases communication with customers at balances. b. It properly reflects current per revenue. c. It simplifies recording of sales returns and allowances. d. It requires less recording keeping than the gross method.

Auditing: A Risk Based-Approach (MindTap Course List)
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Chapter11: Auditing Inventory, Goods And Services, And Accounts Payable: The Acquisition And Payment Cycle
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Which of the following is an advantage of using the net price method for recording cash discounts on credit sales?

a. It eases communication with customers at balances.

b. It properly reflects current per revenue.

c. It simplifies recording of sales returns and allowances.

d. It requires less recording keeping than the gross method.

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