A. Lump sum
B. Prompt
C. Actual
D. None of them
Related Mcqs:
- A discount of $2000 was given to a supplier on his prompt repayment of debt but the cashier entered the gross amount in cash book. What should be the adjustment in cash to work out the correct balance of cash book??
- Discount for quick repayment of debt is normally referred as____________??
- A cash book with cash, bank and discount column is commonly referred as________??
- Cash book with cash and discount column is mostly referred as________??
- Discount allowed is___________??
- Discount allowed is a kind of deduction from_____________??
- Cash discount is provided on _______________??
- Discount received is recorded on which of the following side of a cash book??
- _______ the withdrawal of cash and goods by the owner of the busienss for his/her personal use??
- A cash deposit made by business appears on the bank statement as _______ balance??
