Which one of the following statements about trade discount is true? It is recorded in books of accounts None of these It is given to encourage the customers to pay their debts before time It is also...

Extracted text: Which one of the following statements about trade discount is true? It is recorded in books of accounts None of these It is given to encourage the customers to pay their debts before time It is also called cash discount If opening net assets are OMR 200,000, dividends are OMR 24,000, direct expenses are OMR 20,000 and closing net assets are OMR 300,000 then profit under financial concept of capital maintenance is: üoul lis sl 立 0 TOSHIBA