Search SchoolNGR

Tuesday, 10 November 2026
Register . Login

An allowance made to a customer for prompt payment is known as

An allowance made to a customer for prompt payment is known as
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Bulk discount
  • B Commission
  • C Cash discount
  • D Allowance
Correct Answer: Option C
Explanation:
A cash discount is an allowance given to a customer for making payment promptly or within a specified period. It encourages customers to settle their debts early.

Share question on: