Accountancy, asked by pallavisengar, 6 months ago

what is trade discount

Answers

Answered by Rixstar0522Y

1

The discount given on buying a number of items

is called trade discount

Answered by riyakaramchandani05

1

Trade discount is referred to as the discount that is offered by a seller to the buyer of the product in the form of reduction in the price of the item. ... No accounts are maintained for keeping track of the discounts that are offered....

example, ABC International offers its resellers a trade discount. The retail price for a green widget is $2.

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