GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2

Discussion Forum: GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2 - Q.No: 28

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28. Discount for quick repayment of debt is normally referred to as []

  1. (a) Trade discount
  2. (b) Prompt payment discount
  3. (c) Cash discount
  4. (d) Bulk discount

Correct Answer: (c) Cash discount

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