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#2. The vendor/seller gives a trade discount only on credit transactions
The vendor/seller gives the trade discount both on cash/credit based transactions.
#3. When an entity (a person or firm or an institution) purchases the goods or services but does not pay in cash is called as
#4. _____________ is the document that certifies the purchase or sale or any other monetary transaction.
#5. In ________ entry system only one aspect of a business transaction is recorded
#6. To get the financial results, businesses uses the following process for recording, classifying and summarising all the business transactions.
#7. The discount given on cash transactions is called as
#9. The inventory of goods that remain unused/unsold at the end of the year is called as
#10. ____________ are owned by the business and help in smooth functioning of the business.
