ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cash Discount:Buying of all the materials needed by the organization
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Cash Discount-This discount is provided by a seller when a buyer makes prompt payment in cash or equivalent. This discount is provided if the buyer makes the payment within a specified period of time.
Detailed explanation-2: -The cash discounts are recorded in an invoice by showing the net and gross price of the goods and services sold after deducting the discount from its total price.
There is 1 question to complete.