Question

of one year.
loss of the business is calculated. Generally this
0. DIFFERENCE BETWEEN TRADE DISCOUNT AND CASH DISCOUNT​

Answer 1

Answer:

Trade discount is given on the catalogue price of the goods while the cash discount is given on the invoice price. Trade discount is granted with the aim of increasing the sales in bulk quantity, whereas Cash discount is granted to facilitate a quick payment.

Explanation:

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Answer 2

For exam purpose remember that
Trade discount- we have to calculate on amount but never record it in our books
Cash discount - also have to calculate on amount but we have to record it in our books ( just keep it in mind )