Answered: nd the cost of the goods is paid within…

nd the cost of the goods is paid within the predetermined term? A) Payment with Acceptance Credit B) Payment Against Goods

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter11A: The Net-price Method Of Recording Purchases

Section: Chapter Questions

Problem 2RQ

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Question

19 - What is the payment method in which the goods are sent to the buyer without payment by the exporter company and the cost of the goods is paid within the predetermined term?
A) Payment with Acceptance Credit

B) Payment Against Goods

C) Pre-financing Payment

D) Policy Payment

E) Cash Against Documents

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23-It is used to who is responsible for paying shipping and when the title of the goods passes from seller to buyer: This term will be applicable to a. Credit terms b. Shipping terms c. Discount term d. Cash term
A credit balance to a client's accounts payable account representing right to receive payment for delivery of goods should be properly classified as: A. Current LiabilitiesB.Non-Current LiabilitiesC. Trade ReceivablesD. Non-trade Receivables (Current)E. Non-trade Receivables (Non-Current)
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