Discount Allowed – NBC Institute

FA – Nov 2011 – L1 – SA – Q12 – Accounting Concepts

This question examines the basis of apportioning discount allowed in departmental accounts.

Question

The basis of apportioning discount allowed in the Departmental Account is the proportion of
A. Sales
B. Purchases
C. Salesmen’s commission
D. Purchasing manager’s commission
E. Goods available

Answer

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Tags: Departmental Accounts, Discount Allowed
Level: Level 1

Topic: Accounting Concepts
Series: NOV 2011

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FA – Nov 2011 – L1 – SA – Q12 – Accounting Concepts

This question examines the basis of apportioning discount allowed in departmental accounts.

FA – Nov 2011 – L1 – SA – Q12 – Accounting Concepts

This question examines the basis of apportioning discount allowed in departmental accounts.

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This question examines the basis of apportioning discount allowed in departmental accounts.

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FA – Nov 2011 – L1 – SA – Q12 – Accounting Concepts

This question examines the basis of apportioning discount allowed in departmental accounts.

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