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Question
Choose the correct alternative:
The date on which the period of the bill expires is called ______
Options
Legal Due Date
Days of grace
The Nominal Due date
Date of Drawing
Solution
The Nominal Due date
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P is the abbreviation of
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Choose the correct alternative:
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State whether the following statement is True or False:
If only one discount is given then List price = Invoice price
Swastik Distributers allows 15% discount on the list price of washing machine. Further 5% discount is given for cash payment. Find the list price of the washing machine if it was sold for the net amount of ₹ 38,356.25
A bill was drawn on 14th April for ₹ 7,000 and was discounted on 6th July at 5% p.a. The Banker paid ₹ 6,930 for the bill. What is the legal due date
A wholesaler allows a 25% trade discount and a 5% cash discount. The net price of an article marked at ₹ 1,600 is ______.
