The rate of trade discount varies with the ----------- purchased

Related MCQs

• The rate of trade discount varies with the ----------- purchased
• A firm has reported a profit of Rs.1,47,000 for the year ended 31-3-2014 after taking into consideration the following items. (i) The cost of an asset Rs.23,000 has been taken as an expense (ii) The firm anticipated a profit of Rs.12,000 on the sale of an old furniture (iii) Salary of Rs.7,000 outstanding for the year has not been taken into account. (iv) An asset of Rs.85,000 was purchased for Rs.75,000 and was recorded in the books at Rs.85,000. What is the correct amount of profit to be reported in the books?
• If one of the cars purchased by a car dealer is used for business purpose, instead of resale, then it should be recorded by_____
• Provision for discount on debtors is calculated on the amount of debtors.
• Discount Column is available in
• A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed by him?