Download App

Recording of Transactions - 2 — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountRecording of Transactions - 21 Mark
Question
What is Trade Discount?
✓

Answer

Trade Discount is the discount allowed when the goods are sold to the purchaser for resale to the ultimate consumer or when the goods are purchased in large quantity.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Recording of Transactions - 2→Recording of Transactions - 2 — all question types→Account STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Give two examples of transactions which are not recorded in accounting.
→
Name any one external user of Accounting information.
→
Name any two objectives of Accounting.
→
Which GST is levied on inter-state purchase of goods?
→
Give two examples of Representative Personal Accounts.
→
Name two items which are written in Minus Column while starting with Credit balance of Pass Book.
→
If total assets of a business are ₹ 10,00,000 and capital is ₹ 4,00,000, calculate creditors.
→
What is Cash Discount?
→
Name any two types of commonly used negotiable instruments.
→
What entry is passed for withdrawing of goods by the proprietor for personal use?
→