1) It is an allowance given to a customer when an account is settled within a time limit set by the supplier a) Cash discount b) Trade discount c) Discount allowed 2) It is a reduction in the price of goods when goods are purchased, rather than when payment is made a) Cash discount b) Trade discount c) Dishonoured cheque 3) A cheque received which the debtor's bank refuses to pay. a) bank overdraft b) cash discount c) dishonoured cheque 4) It is given to encourage customers to pay their accounts within a set time limit a) Trade discount b) Cash discount c) bank overdraft 5) It occurs when more has been paid out of the bank than was put into the bank account. a) Cash discount b) Bank overdraft c) Trade discount

Sem2-G8-Discount

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