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JAMB Accounting 2020 Objective — Question 28

Question 28 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2020 Objective paper, with the correct answer and a full explanation.

28. Discount allowed to debtors to encourage early payment is

A. A. Cash discountCorrect
B. B. Trade discount
C. C. Commission
D. D. Periodic discount

Explanation

Discount allowed to debtors to encourage early payment is cash discount.

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