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Trade discount allowed at the time of Sale of goods is:

A), recorded in Cash Book

B). recorded in Sales Book

C). not recorded in books of accounts

D). recorded in Journal

 

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Question added by Mir Mujtaba Ali , Internal Audit Manager , Confidential
Date Posted: 2015/01/28
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Only net prices are recorded

Answer option (C) >>>>>>>>>>>>>  not recorded in books of accounts.

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

C). not recorded in books of accounts

Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

C)............................ not recorded in books of accounts

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

C).>>>>>>>>>>> not recorded in books of accounts

Habibullah Syed
by Habibullah Syed , Accountant , Farasia Maritime Agencies Pvt Ltd

Option C is the correct answer..................

Abd ElRahman Mohammed Idris Mohammed
by Abd ElRahman Mohammed Idris Mohammed , Internal Audit Manager , Kenana Sugar Company Limited

Answer (C) is the correct.

Deleted user
by Deleted user

option C..................

THANX A LOT

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

CORRECT answer is C 

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Leonard Santiago
by Leonard Santiago , Analyst - Financial & Budget , Unified Real Estate Development Company

Ans:C). not recorded in books of accounts

Trade discounts are not recorded in journals

Kashif Aslam
by Kashif Aslam , Finance Officer , Actionaid Pakistan International

Trade discount never recorde..........................................

Wasi Rahman Sheikh
by Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

Answer is C). not recorded in books of accounts ==================

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