Question

Trade discount does not appear in the books of accounts

Answer 1

Answer:

Trade Discount is allowed as a general discount to all the customers to promote the sales. Trade discount is allowed on the list price and sales is done on the basis of net price i.e. list price minus trade discount. Hence trade discount is not recorded in books of account.

Explanation:

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Answer 2

Answer:

Trade discount is allowed on the list price and sales is done on the basis of net price. Hence trade discount is not recorded in books of account