Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 11 - No. 11)
1.15 A discount received on a payment to trade payable ____
Increases the cash paid by the business.
Reduces the amount of cash paid by the business.
Has no impact on cash.
It has no impact on the balance sheet.
Explanation
It reduces the amount of cash paid by the business.
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