WAEC Accounting 2012 Objective — Question 2
Question 2 of 50 from the West African Examinations Council (WAEC) Accounting 2012 Objective paper, with the correct answer and a full explanation.
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Trade discounts are given for
- A. bulk purchasesCorrect
- B. prompt payment
- C. quick delivery
- D. cash payment
Explanation
Trade discount is the deduction offered to a customer to encourage him to buy in bulk.
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