Question

Trade discount is

 is which is allowed at the time of receiving the payment

 which is allowed at the time of sale of goods

 which is allowed both at the time of receiving payment and sale of goods

 allowed at all of the above

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Answer 1

Answer:

Trade discount is  which is  allowed at the time of sale of goods

Explanation:

• The amount by which a manufacturer lowers the retail price of a product when it sells to a reseller rather than to the final consumer is known as a trade discount.
• Trade discounts are frequently granted when there is a strong buyer-seller relationship or when there are large orders.
• A trade discount is a recurring drop from a product's usual, set price. Trade discounts enable a business to adjust the final price in accordance with the volume of each customer.
• A provider of goods or services will lower their list or catalogue prices for the goods they are providing as part of a trade discount. All sums recorded in a purchases or sales book are done in net amount only, and trade discount is not separately indicated in the books of accounts.

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