The 5% discount shown above indicates

Accounts - Principles of Accounts

JAMB 2012

A. trade discount
B. cash discount
C. discount allowed
D. discount received

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Correct Answer: Option A

Explanation

A trade discount is the amount by which a manufacturer or wholesaler reduces the retail price of a product when it sells to a reseller, rather than to the end customer.

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The 5% discount shown above indicates

Correct Answer: Option A

Explanation

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