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Question
_________is a reducing from the list price of goods and services on business consideration other than prompt payment.
_________is a reducing from the list price of goods and services on business consideration other than prompt payment.
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Solution
The correct option is B Trade discount
Discount are categorized as Trade discount and Cash discount.
Trade discount are general discount allowed to every customer to promote the sales. Its a reduction to the published price of a product.
Cash discount is method of speedy collection of money from the customers to whom goods were sold on credit.
Discount are categorized as Trade discount and Cash discount.
Trade discount are general discount allowed to every customer to promote the sales. Its a reduction to the published price of a product.
Cash discount is method of speedy collection of money from the customers to whom goods were sold on credit.
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