A reduction n price to encourage prompt payment is..........
A reduction n price to encourage prompt payment is........
Trade discount
Quantity discount
Cash discount
Seasonal discount
Correct answer is C
Cash discounts refer to an incentive that a seller offers to a buyer in return for paying a bill before the scheduled due date. The seller would typically reduce a certain amount from the total amount owed to encourage the buyer to make payment faster.
The purpose of profit and loss account is to ascertain ...
Given: Net profit-----------------------N25,000 Cost of sale---------------------N25,000 Sales---...
\(\begin{array}{c|c} & Dr & Dr & \text{Balance}\\ \hline & ₦ & ₦ & ₦ \...
\(\begin{array}{c|c} & Halima & Ibinabo \\ & N & N \\ \hline \text{Capital accounts ...
Which of the following entries is made damaged goods are returned to the supplier? ...