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Subject - Accounting:

General Concepts

MCQ - 29-31

Question:

A cash discount is best described as a reduction in the sum to be paid:

  1. If payment is made by cash, not cheque
  2. If purchases are made for cash, not on credit
  3. If payment is made either by cash or cheque
  4. If purchases are made for cash, not on credit

Correct Answer: D

Explanation:

Not available

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Record Performance

355 MCQ for effective preparation of the test of General Concepts of Accounting section.

Read the MCQ statement: A cash discount is best described as a reduction in the sum to be paid:, keenly and apply the method you have learn through the video lessons for General Concepts to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 29-31.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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