Question

Is trade discount recorded in the books of account

Answer 1

Answer:

increase points

Explanation:

Answer 2

Answer:

No trade discount are not recorded in the books of account.But cash discount are recorded in the books of account.

Additional information

1) What is trade discount?

ans.A discount on the retail price of something allowed or agreed between traders or to a retailer by a wholesaler.

2) what is cash discount?

ans.It is a deduction allowed by some sellers of goods or by some providers of services in order to motivate customers to pay within a specified time.

The sellers and providers offering a cash discount will refers to it as a sales discount,while the buyer will refers to the same discount as a purchase discount.

Hope it will be help you