Home » Accounts (Principles of Accounts) » Trade discount isTrade discount is Trade discount is A. allowance for prompt payment B. allowance for damaged goods C. allowance off price list D. discount on creditors E. discount on debitors Correct Answer: Option C Explanation Related Posts Opening creditors was N65,000, closing creditors was N41,000. Credit purchases was N200,000 and discount received… Rent is apportioned each department on the basis of The rule of accounting equation requires that account payable should be placed under? At the end of trading period, cost of goods sold is debited to the trading… The source documents include? Profit expressed as a fraction of the selling price is known as
Opening creditors was N65,000, closing creditors was N41,000. Credit purchases was N200,000 and discount received…
