Write true or false if statement is wrong write the true sta - Maths (commerce) STD 12 Commerce / Arts Questions

Question 11 Mark

In general cash, the discount is more than trade discount.

Answer

false

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Question 21 Mark

The banker’s discount is also called a commercial discount.

Answer

true

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Question 31 Mark

The banker’s discount is always lower than the true discount.

Answer

false

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Question 41 Mark

The difference between the banker’s discount and true discount is called sum due.

Answer

false

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Question 51 Mark

The date on which the period of the bill expires is called the nominal due date.

Answer

true

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Question 61 Mark

The buyer is legally allowed 6 days grace period.

Answer

false

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Question 71 Mark

Trade discount is allowed on catalogue price.

Answer

true

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Question 81 Mark

A cash discount is allowed on the list price.

Answer

false

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Question 91 Mark

A person can get both, trade discount and a cash discount.

Answer

true

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Question 101 Mark

A broker is an agent who gives a guarantee to the seller that the buyer will pay the sale price of goods.

Answer

false

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Write true or false if statement is wrong write the true statement.

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Maths (commerce) Write true or false if statement is wrong write the true statement.

Write true or false if statement is wrong write the true statement.

Take a timed test