Question

what is the difference between trade discount and cash discount any five points​

Answer 1

Explanation:

point 1

trade discount is not recorded in books of accounts

cash discount is recorded in books of accounts

point 2

trade discount is given on catalogue price

cash discount is given on invoice price

point 3

trade discount is given on cash payment and credit payments to

cash discount is given on only cash payment

point 4

trade discount is given on basis of purchase

cash discount is given on basis of payment

point 5

trade discount is facilitates to increase sales

cash discount is given for quick payments

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Answer 2

Explanation:

Trade discount is given on the catalogue price of the goods while the cash discount is given on the invoice price. Trade discount is granted with the aim of increasing the sales in bulk quantity, whereas Cash discount is granted to facilitate a quick payment. A trade discount is shown as a deduction in the invoice.

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