he term 2/10-n/30 implies that ______ % discount will be given if the payment is made within days or full amount is receivable within 30 days?

Related Mcqs:

SALE of old furniture” will be recorded in which of the following specialised journals?

A. Purchase journal B. Sales journal C. General journal D. Cash receipt journal...

Double entry implies that

A. Recording entries in journal B. Recording entries in Ledger account C. Recording two aspects of every transaction D. Recording every transaction in books...

Which of the following shall not be deducted from net profit while calculating managerial remuneration?

A. Loss on sale of undertaking B. Debts considered bad and written off C. Liability arising from a breach of contract D. Director‘s remuneration...

Arrangement of Balance Sheet in a logical order is known as __________?

A. Dressing Balance Sheet B. Marshalling Balance Sheet C. Formatting Balance Sheet D. Make up of Balance Sheet...

Budgeted sales for the next year is 5,00,000 units. Desired ending finished goods inventory is 1,50,000 units and equivalent units in ending W-I-P inventory is 60,000 units. The opening finished goods inventory for the next year is 80,000 units, with 50,000 equivalent units in beginning W-I-P inventory How many equivalent units should be produced?

A. 5,80,000 B. 5,50,000 C. 5,00,000 D. 5,75,000...