The gross method refers to
A) a method of accounting for uncollectible accounts.
B) the expectation that the customer will not take advantage of a cash discount.
C) a method of reporting cash on the balance sheet.
D) the restriction placed on the company's bank account by the bank.

Question

Quizplus · Accepted Answer

The gross method assumes that customers will not take advantage of cash discounts offered for early payment, and thus records sales at the full invoice price.

The Gross Method Refers to