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Discounts - Jamb Accounts - Principles of Accounts Past Questions and Answers

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Jamb Accounts - Principles of Accounts Past Questions

Jamb Past Questions and Answers on Discounts

Question 11:


A discount that is allowed to encourage a debtor to pay off his debt within a period is the

A. Annual discount
B. Trade discount
C. Periodic discount
D. Cash discount

View Answer & Explanation

Question 12:


Discount allowed is enjoyed by

A. Managers
B. Customers
C. Suppliers
D. Staff of the company

View Answer & Explanation



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