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P1 C4 Joumal — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C4 Joumal1 Mark
Question
What is cash discount ?
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Answer

In order to provide incentive for prompt / immediate payment of goods sold or to encourage timely payment of outstanding amount, some discount is given at pre decided rate which is known as cash discount.

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