In QuickBooks When taking an early payment discount for the

(In QuickBooks) When taking an early payment discount for the purchase of merchandise, the discount amount is recorded on ____     .
a. Bill
b. Make Payment
c. Check
d. Purchase Order

Solution

Answer: b

The discount amount is recorded on MAKE PAYMENT.

Because at the time of rising the bill we don\'t know when we make payment. In check we don\'t record discount amount as we record only the final payment. At the time of purchase order we don\'t know early payment discount.

So, while making payment we came to know about early discount and it should be recorded on MAKING PAYMENT.