Q.9.Ace Ltd purchased 200kg of rice from Dubaar Itd.and made payment immediately .Dubaar Ltd Granted it a discount of 10%.what type of discount is it and how will it be recorded in dubaar ltd ?
Trade Discount recorded as discount Received
Cash Discount ,Recorded as discount received
Trade Discount Recorded as Discount allowed
Cash Discount Recorded as Discount Allowed
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Trade Discount recorded as Discount aallowed
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