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Why trade discount is not recorded in the books of account?
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Answer / naveen kumar jm
Selling price is negotiated before raising the invoice; first we book original entry with revised selling price hence it is completely omitted from the books of accounts. And its permissible
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Answer / deepashree p
because the company need to earn extra profit they are not mentioned in books of accounts
| Is This Answer Correct ? | 2 Yes | 5 No |
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