1.Payment for merchandise should not be made until approval is given? TRUE OR FALSE? 2.The...

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Accounting

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1.Payment for merchandise should not be made until approval is given? TRUE OR FALSE? 2.The Inventory account ngymally has a credit balance? TRUE OR FALSE? 3.A buyer may not receive both a trade discount and a cash discount.TRUE OR FALSE? 4.If a debit memorandum is issued, the buyer will reduce their accounts receivable.TRUE OR FALSE

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