Describe how the transactions listed would be handled applying the gross approach method and the net approach method.For example: A $750 invoice with a 3/10 net 30 discount.
$\begin{array}{llcc}
\text {Transaction } & \text { Gross Method } & \text {Net Method } \
\hline \text { (a) Record original transaction } &&\
\text { (b) Returned purchases } &&\
\text { (c) Discounts taken } &&\
\text {(d) Discounts not taken } &&\
\end{array}$

Question

Describe how the transactions listed would be handled applying the gross approach method and the net approach method.For example: A $750 invoice with a 3/10 net 30 discount.
$\begin{array}{llcc}
  \text {Transaction  } & \text { Gross Method } & \text {Net Method  }   \
\hline  \text { (a) Record original transaction } &&\
 \text { (b) Returned purchases } &&\
 \text { (c) Discounts taken } &&\
 \text {(d) Discounts not taken  } &&\
\end{array}$

Quizplus · Accepted Answer

The Answer of Describe how the transactions listed would be handled applying the gross approach method and the net approach method.For example: A $750 invoice with a 3/10 net 30 discount.
$\begin{array}{llcc}
  \text {Transaction  } & \text { Gross Method } & \text {Net Method  }   \
\hline  \text { (a) Record original transaction } &&\
 \text { (b) Returned purchases } &&\
 \text { (c) Discounts taken } &&\
 \text {(d) Discounts not taken  } &&\
\end{array}$

Describe How the Transactions Listed Would Be Handled Applying the Gross