A discount given to encourage prompt payment on a credit purchase of merchandise is called: a cash

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A discount given to encourage prompt payment on a credit purchase of merchandise is called:

a cash discount.

a sales discount by the seller.

a purchase discount by the buyer.

all of these are correct.

Related Book For answer-question

Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Posted Date: Oct 20, 2020 01:15 AM

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A discount given to encourage prompt payment on a credit purchase of merchandise is called: a cash

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In accounting terms Cash discount a discount o... View the full answer

Accounting

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