Trade discount is (1) a) Allowed …
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Trade discount is (1)
a) Allowed at the time of receipt of payment b) allowed at the time of sale of goods
c) Allowed at the time of receipt of payment & sale of good in both cases
d) Not allowed in any above case.
3. According to full disclosure principle (1)
a) All account should be maintained honestly.
b) All important information’s should be include in accounts
c) All accounts should be prepared immediately d) Accounts should be prepared carefully.
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