Discount for quick repayment of debt is normally referred as____________?

Related Mcqs:

Credit purchase of plant and machinery is recorded in which of the following journals?

A. General journal B. Cash journal C. Purchase journal D. Purchase return journal...

_______ the withdrawal of cash and goods by the owner of the busienss for his/her personal use?

A. Depreciation B. Drawings C. Outflow of cash D. Appreciation...

Journals are also referred as_____________?

A. Book of entries B. Book of original entries C. T account D. Books of economic event...

Outstanding salaries is shown as___________?

A. An Asset in the Balance Sheet B. A Liability C. By adjusting it in the P & L A/c D. Both B. and C. above...

Which of the following is a current liability?

A. Prepaid expenses B. Trademark C. Discount on issue of shares D. Outstanding Salaries...