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Question Practice

What is the primary purpose of providing a discount on debtors?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - II
Question Bank

What is the primary purpose of...

Single Answer MCQ
Q-00053677

What is the primary purpose of providing a discount on debtors?

1

To increase sales revenue

2

To encourage prompt payment from customers

3

To reduce the overall liabilities

4

To enhance the credit rating

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