Cash discounts availed of by the customer are referred to as Sales Discounts. ... Cash Receipts Journal - which is used to record receipt of cash from all sources. 2. ... Hence, several persons may simultaneously process the accounting data.
|Title||:||The Accounting Process|
|Author||:||Pefianco, Erlinda & Mercado, Rosario|
|Publisher||:||Goodwill Trading Co., Inc. -|