On what amount is a sales discount based?

Are you having trouble answering the question “On what amount is a sales discount based?”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

On what amount is a sales discount based?

A. Invoice price plus freight-in
B. Invoice less discount
C. Invoice price plus freight-out
D. Invoice price less returns and allowances

Answer: D

We hope you have got the correct answer to your question “On what amount is a sales discount based?”, which was part of Accounting MCQs & Answers. Thanks for choosing us.

Leave a Reply 0

Your email address will not be published. Required fields are marked *