Free account: track your progress — Sign up free

WAEC Accounting 2018 Objective — Question 10

Question 10 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.

A reduction in price to encourage prompt payment is a

A. trade discount
B. quantity discount
C. cash discountCorrect
D. seasonal discount

Explanation

A cash discount is offered specifically to encourage prompt/early payment.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2018 Objective More Accounting past papers