Question

which type of discount is not recorded in the book​

Answer 1

Answer:

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.

Answer 2

$\huge{\underline{\rm{\red{Answer}}}}$

❥Trade discount is not separately shown in the books of accounts, and all amounts recorded in a purchases or sales book are done in the net amount only. 4. Trade discount is allowed on both credit and cash transactions.

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