Accountancy, asked by udaykira2001, 1 year ago

journal transaction of trade and cash discount

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Answered by subham322669

Explanation:

Trade Discount vs Cash Discount Journal Entry

Further, a discount of $500 was allowed to him for making immediate payment. ... Next, the discount received by Mr.X of $500 for making immediate payment is a cash discount, and it is allowed on the invoice price of the goods.

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journal transaction of trade and cash discount ​

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journal transaction of trade and cash discount