reduction in price is called:

Related Mcqs:

Double entry means______________?

A. Entry in two sets of books B. Entry at two ends C. Entry at two dates D. Entry for two aspects of the transaction...

Discount received is a/an:

A. Asset B. Expense C. Liability D. Revenue...

Obligation of the Business are known as___________?

A. Liabilities B. Revenues C. Expenses D. Assets...

In support of business transaction, any written evidence is called ___________?

A. Discount B. Voucher C. Allowance D. Price...

Building and furniture are called ____________?

A. Current asset B. Fictitious asset C. Tangible asset D. Fixed assets...