Question

in journal entry if 1%discount is mentioned but trade discount or cash discount is not then which we have to select​

Answer 1

Explanation:

In the case of Trade Discount, no entry is made in the books of accounts, while the proper entry is made in the books of accounts for the cash discount. A trade discount is shown as a deduction in the invoice. Conversely, a cash discount is not shown at all.

Answer 2

Answer:

In the case of Trade Discount, no entry is made in the books of accounts, while the proper entry is made in the books of accounts for the cash discount. A trade discount is shown as a deduction in the invoice. Conversely, a cash discount is not shown at all.

Explanation:

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