Accountancy, asked by chinmaywatti372, 1 month ago

13.-------Discount is not recorded in the
books of accounts

Answers

Answered by krishnapriyasuresh13

Trade Discount is allowed as a general discount to all the customers to promote the sales. Trade discount is allowed on the list price and sales is done on the basis of net price i.e. list price minus trade discount. Hence trade discount is not recorded in books of account.

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