If a company employs the net method of recording accounts receivable from customers,then sales discounts forfeited should be reported as ________.
A)sales discounts forfeited on the income statement
B)an item of "other income and expense" on the income statement
C)an increase to sales revenue on the income statement
D)a deduction from sales revenue on the income statement

Question

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The Answer of If a company employs the net method of recording accounts receivable from customers,then sales discounts forfeited should be reported as ________.
A)sales discounts forfeited on the income statement
B)an item of "other income and expense" on the income statement
C)an increase to sales revenue on the income statement
D)a deduction from sales revenue on the income statement

If a Company Employs the Net Method of Recording Accounts