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Give the word term or phrase which can substitute the following statement: Allowance is given on catalogue price of goods. - Book Keeping and Accountancy

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One Word Answer

Give the word term or phrase which can substitute the following statement:

Allowance is given on catalogue price of goods

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Solution

Allowance is given on catalogue price of goods. - Trade discount

Concept: Basic Accounting Terminologies
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 1 Introduction to Book - Keeping and Accountancy
Exercises | Q 2. 10) | Page 16
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