Question

How is Trade Discount treated while accounting for Sales or Purchases?​

Answer 1

Answer:

Accounting Treatment

Accounting TreatmentThe sale and purchase will be recorded at the amount after the trade discount is subtracted. As this discount is deducted before any exchange takes place, it does not form part of the accounting transaction and is not entered into the accounting records of the business.

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Answer 2

Accounting Treatment

The sale and purchase will be recorded at the amount after the trade discount is subtracted.

As this discount is deducted before any exchange takes place, it does not form part of the accounting transaction and is not entered into the accounting records of the business.