Question

Cash discount is a concession given for encouraging?agree or disagree

Answer 1

ANSWER

Amount which is deducted by the seller from the amount due at the time of the receipt is called cash discount. it is given to encourage prompt payment

Answer 2

Cash Discount is a concession given for encouraging , this statement is true.

• Cash Discount is a discount given to consumer so that they make payment on the time of purchase.

• Cash Discount is a type of  concession given for encouragement given to consumer so that they should not leave interest in the purchase of goods from particular seller.

• Sometimes, seller gives cash discount to use the cash  because he may be experiencing shortage of cash.

• Cash Discount is the reduction in the amount of invoice that the seller gives to the buyer.