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Froggy Jumps
Froggy Jumps

Discounts and the Cash Book

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Discounts and the Cash Book

Froggy Jumps

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About this activity

Discount concepts for Grade 9 - Discount Allowed and Received. Cash and Trade Discounts

Created by

DaneyDane
DaneyDane
Trinidad and Tobago
This game is a version of
Cash Discounts vs. Trade Discounts Quiz

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Discounts and the Cash Book
 

Froggy Jumps

Discounts and the Cash BookOnline version

Discount concepts for Grade 9 - Discount Allowed and Received. Cash and Trade Discounts

by DaneyDane
1

Which type of discount is offered by a manufacturer to a wholesaler to encourage bulk buying?

2

Which of the following is NOT recorded in the books of account?

3

What is the primary objective of offering a Cash Discount?

4

On which value is a Trade Discount usually calculated?

5

If a customer pays within a specified period, like '2/10, n/30', what type of discount are they receiving?

6

Discount allowed is entered on which side of the Cash Book?

7

PFESS Ltd accepts a smaller sum in full settlement if payment is made by its customers within a specified period. This is a

8

Trade discounts are subtracted first, and only the NET amount is recorded in the cash/purchases book. This statement is:

9

A. Paul Ltd. settles its account with Pricesmart Inc. and is given a 5% discount on the outstanding amount because of quick settlement. To A. Paul Ltd., this is a:

10

Where are the Discounts Allowed and Discounts Received totals recorded?

 
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