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subsidarry books - I — Accountancy STD 11 — Question

Tamilnadu BoardEnglish MediumSTD 11Accountancysubsidarry books - I1 Mark
MCQ
Which of the following statements is not true?
  • A
    Cash discount is recorded in the books of accounts
  • B
    Assets purchased on credit are recorded in journal proper
  • ✓
    Trade discount is recorded in the books of accounts
  • D
    3 grace days are added while determining the due date of the bill
✓

Answer

Correct option: C.
Trade discount is recorded in the books of accounts
Trade discount is recorded in the books of accounts

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