Explain the Trade Discount.
Answers
✔✔A discount on the retail price of something allowed or agreed between traders or to a retailer by a wholesaler is called trade discount.✔✔
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Answer:
Trade discount is allowed by the manufacturers to the wholesalers and retailers or by the wholesalers to retailers .
It is allowed to all buyers whether they purchase goods for cash or credit it is not connected with the payment.
Trade discount is allowed at the time of sale.
And the amount of trade discount is reduced from the invoice.
It is allowed to sell the goods at the list price.
Trade discount is not recorded in the books of account.
Trade discount = ( Marked or List Price * % of Trade Discount ) ÷ 100
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Explanation: