A deduction allowed to the buyers from the gross catalogue price on making bulk purchases is termed as ____________
A) Trade discount
B) Quantity discount
C) Cash discount
D) None of the above
Correct Answer:
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Q28: The convention of conservatism is applicable _
A)In
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Q32: Goodwill is a
A)Current asset
B)Tangible asset
C)Intangible asset
D)Liability
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Q36: Every transaction has two aspects i.e., debit
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