The 5% discount shown above indicates
...
The 5% discount shown above indicates
Trade discount
Cash discount
Discount allowed
Discount received
Correct answer is A
A trade discount is the amount by which a manufacturer or wholesaler reduces the retail price of a product when it sells to a reseller, rather than to the end customer.
Similar Questions
Discount allowed is a charge to ...
In a system of incomplete records, the opening capital is determined by preparing ...
A trial balance is prepared to ...
The purchase day book is used to record ...
Which of the following is not found in a trial balance? ...
Which of the following is an example of direct expense? ...
(i) Meet growth and diversification need. (ii) Reach out to particular customers or markets ...
The starting point for the production of accounts from incomplete records is to ...
Subscription in advance is treated in the balance sheet of a club as ...