trading discount and cash discount ki journal entry
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Explanation:
Trade discount is given on the catalogue price of the goods while the cash discount is given on the invoice price. ... In the case of Trade Discount, no entry is made in the books of accounts, while the proper entry is made in the books of accounts for the cash discount.
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Answer:
There is no any entry of trading discount but it is deducted from amount
The entry of cash discount is---
Discount a/c. Dr
To. Party's personal a/c
Explanation:
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