Accountancy, asked by sainaik9321, 1 day ago

trade discount account is a nominal account true or false with reason​

Answers

Answered by sukhmata22
1

Answer:

This statement is False.

When a discount is allowed on catalogue price or list price, it is known as a Trade discount, which is a general discount to be allowed to every customer. ... So, we can say that the trade discount itself is not an account.

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