Question

al . DIU
13. Distinguish between Trade discount and Cash discount
14. What is cash transaction?​

Answer 1

Answer:

14. A cash transaction is the immediate payment of cash for the purchase of an asset. Some market stock transactions are considered cash transactions although the trade may not settle for a few days.

13. Trade discount is given on the catalogue price of the goods while the cash discount is given on the invoice price. Trade discount is granted with the aim of increasing the sales in bulk quantity, whereas Cash discount is granted to facilitate a quick payment. A trade discount is shown as a deduction in the invoice

Explanation:

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