An expense resulting from failing to take advantage of cash discounts on purchases is called:
A. Sales discounts.
B. Trade discounts.
C. Purchases discounts.
D. Discounts lost.
E. Discounts earned.
Answer: D
An expense resulting from failing to take advantage of cash discounts on purchases is called:
A. Sales discounts.
B. Trade discounts.
C. Purchases discounts.
D. Discounts lost.
E. Discounts earned.
Answer: D