sales discount question in accounting

Accounting
Tutor: None Selected Time limit: 1 Day

A sales discount correctly taken by the charge customer was debited to Sales at the time the entry was recorded. This error will cause the:

a. net income for the period to be overstated

b. net income for the period to be understated

c. sales discount account to be understated

d. sales account to be overstated

May 15th, 2015

option b is the correct answer and so go for it !

May 15th, 2015

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May 15th, 2015
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May 15th, 2015
Dec 10th, 2016
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