An allowance given to a customer by a supplier for prompt...
An allowance given to a customer by a supplier for prompt payment is
Trade discount
Discount received
Cash discount
Cash rebate
Correct answer is C
No explanation has been provided for this answer.
\(\begin{array}{c|c} & N \\ \hline Sales & 200,000 \\ \text{Opening Stock} & 20,000 \\ p...
A set of instrument or programs which controls the operation of a computer is ...
A stock as a form of capital of a company comprises ...
On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited to the rent account.&nb...
One of the advantages of control account is that ...
Expenses incurred but not yet paid is ...
\(\begin{array}{c|c} \text{Rent receivable accrued 1/01/2005} & D3,000\\ \text{Rent received dur...