Question :

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


How many groups are pre-defined in Tally


A) 28
B) 30
C) 15
D) 19

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Related Questions - 2


Which of the following is used for voucher entry?


A) Ledger Account
B) Groups
C) Sub-Groups
D) Depends on number of companies

View Answer

Related Questions - 3


In tally you get currency symbol option from ________ menu


A) Company creation
B) Stock items units
C) Regional setting
D) None of the above

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Related Questions - 4


Manufacturing Journal creates based on


A) Journal
B) Receipt Note
C) Stock Journal
D) Purchase Quotation

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Related Questions - 5


 To get Payroll Reports choose


A) Gateway of Tally > Display
B) Gateway of Tally > Display > Statement of Accounts
C) Gateway of Tally > Display > Statement of Payroll
D) Gateway of Tally > Display > Payroll Reports

View Answer