The discount that is given to speed up payments from the customers is called as _________.

Cash Discount

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Trade Discount

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Either A or B

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
Cash Discount

The discount that is allowed to speed up payments from the customers is called as cash discount.

Suggest Corrections

Similar questions

Q. When a discount is given to speed up payments from the customers, it is called as .

Q. A shopkeeper allows a discount of

10 %

on his goods. For cash payments, he further allows a discount of

20 %

. Find a single discount equivalent of the above offer

Vishal purchased from Karan Sports Ltd. 200 balls @ Rs. 50 each on which he is given a 20% trade discount. He is further given a 2% cash discount as he made payment for the purchases immediately. Determine the amount that Vishal will debit to the purchase account?

A shopkeeper marks his goods at $40 %$ above the cost price but allows a discount of $5 %$ for cash payment to his customers. What actual profit does he make, if he receives $R s . 1064$ after giving the discount?

Q. Goods worth

R s . 10, 000

were purchased by

B

on which the traders allowed

R s . 500

trade discount and offer to given

5

% cash discount if immediate payment is made. The Purchase A/c will be debited by ____________.

Join BYJU'S Learning Program

The discount that is given to speed up payments from the customers is called as _________.

The correct option is A Cash Discount The discount that is allowed to speed up payments from the customers is called as cash discount.

The correct option is A
Cash Discount

The discount that is allowed to speed up payments from the customers is called as cash discount.