Multiple Choice Questions on The discount calculated on list price of goods is called ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

The discount calculated on list price of goods is called ........

General Accounting Principles Accounting cycles
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The discount calculated on list price of goods is called

Cash Discount

Incorrect Answer

Rebate

Incorrect Answer

Trade Discount

Correct Answer

 None of these

Incorrect Answer
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Explanation:

The amount which is deducted from the price list of the goods sold is called a trade discount. The seller fixes up invoice price or sale price deducting trade discount from the listed price

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