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Question Practice

What is the result of not recording a trade discount in the purchases journal?

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

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Recording of Transactions - II
Question Bank

What is the result of not reco...

Single Answer MCQ
Q-00053998

What is the result of not recording a trade discount in the purchases journal?

1

Overstated purchases

2

Understated purchases

3

No impact

4

Incorrect supplier balance

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