Podcast
Questions and Answers
True or false: Goods should be recorded at their list price less any trade discounts involved.
True or false: Goods should be recorded at their list price less any trade discounts involved.
True (A)
True or false: Trade discounts are not taken into consideration when recording the value of goods?
True or false: Trade discounts are not taken into consideration when recording the value of goods?
False (B)
True or false: The list price of goods is the final price that customers pay?
True or false: The list price of goods is the final price that customers pay?
False (B)
