Which of the following is NOT classified as selling expense? salary of agent salary of janitor salary of cashier salary of store manager
Which of the following is NOT classified as selling expense? salary of agent salary of janitor salary of cashier salary of store manager
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 26MC: A customer returns $690 worth of merchandise and receives a full refund. What accounts recognize...
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Question
1.Which of the following is NOT classified as selling expense?
salary of agent
salary of janitor
salary of cashier
salary of store manager
2. Ian purchased 10 boxes of face shields from Kia Trading. The sales invoice shows an amount equivalent to 9 boxes of face shields. What discount does Kia Trading offered to Ian?
A.purchase discount
B trade discount
C sales discount
D credit discount
3. To intensify the collection of receivables, Rex's Trading offered 2/10, n/30 to customers. What discount is being offered by the company?
A purchase discount
B cash discount
C sales discount
D trade discount
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