A cash discount is an incentive allowed for the speedy recovery of income.

Question

A cash discount is an incentive allowed for the speedy recovery of income.

State whether the following statement are true or false with reason :

Monjur Alahi

5 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

This statement is True.

A cash discount is given by the creditor or seller to the debtor or buyer to induce him to make prompt payment. It is given at the time of cash payment.

5 views Answered 2023-02-05 15:29