Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

If cash discount is offered to customers, then which of the following would increase?

<p style="text-align:justify;"><strong><span>(a)Sales,</span></strong></p> <p style="text-align:justify;"><strong><span>(b)Debtors,</span></strong></p> <p style="text-align:justify;"><strong><span>(c)Debt collection period,</span></strong></p> <p style="text-align:justify;"><strong><span>(d)All of the above</span></strong></p>

user-image
Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/10/08
Sara Khan
by Sara Khan , financial and admin assistant , Ministry Of Defence

A

Khaled Mohee Eldeen Abbas Mahmoud
by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

A

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

answer is a 

B & C should decrease 

Khaled Abdelrehim ACCA DipIFR CMA
by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

A- Sales

Ayman Esa Mustafa Farrag
by Ayman Esa Mustafa Farrag , مدير مالي , شركة الصفوف

D is the correct answer becouse cash discount paid to increase the sales then customers then collection period

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

a

Ahmed Abd Alwahab Awad Ibrahim
by Ahmed Abd Alwahab Awad Ibrahim , Chief Accounting , ICCDP

Direct effect to (a)Sales.

Mohsin Abbas
by Mohsin Abbas , Finance Manager , Saudi Power Transformers Company& CG Power Systems

a

Faheem Ahmed
by Faheem Ahmed , Accounting, Procurement & Logistics Officer , Modelcraft International Saudi

its (a) Sales

Tanveer Qureshi
by Tanveer Qureshi , Director , Qureshi Associates

Sales will icrease.

More Questions Like This