Question :
A) Total asset
B) Current asset
C) Quantity
D) None of these
Answer : C
The rate of trade discount varies with the ________ purchased
A) Total asset
B) Current asset
C) Quantity
D) None of these
Answer : C
Description :
Trade discount is a discount which is referred to as, discount given by the seller to the buyer at the time of purchase of goods. It is given as a deduction in the list price or retail price of the quantity sold.
Related Questions - 1
Company features in tally includes
A) Accounting features
B) Inventory features
C) Statutory features
D) All of the above
Related Questions - 2
The rate of trade discount varies with the ________ purchased
A) Total asset
B) Current asset
C) Quantity
D) None of these
Related Questions - 3
Where do we record interest received, commission received or rent received in Tally
A) Contra
B) Payment
C) Receipt
D) Journal
Related Questions - 4
Which voucher type is used to transfer amount from one bank to another
A) Contra
B) Payment
C) Receipt
D) Post-Dated
Related Questions - 5
A ______ is sent to the seller when he is taken back the sold goods
A) Debit note
B) Credit note
C) Proforma invoice
D) Bill