Q33.Trade discount is :
(1) Allowed at the time of sale of goods
(2) Allowed at the time of receiving payment
(3) Allowed in all the cases)
(4) Both ‘A’ and ‘B’
Answer
Allowed at the time of sale of goods
Related Questions on Theory Base of Accounting
Q34.Cash discount is :
(1) Received at the time of making payment
(2) Allowed at the time of sale of goods
(3) All the above
(4) Received at the time of purchase of goods
Answer
Received at the time of making payment
Q35.What change does profit makes to capital?
(1) Profit gets added to the capital
(2) All of these
(3) Profit gets reduced from capital
(4) Profit has no change to capital
Answer
Profit gets added to the capital