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WHAT IS CASH DISCOUNT & TRADE DISCOUNT?

Answer Posted / sudheer reddy

CASH DISCOUNT:Any amount settled before credit period that
discount allowed or recieved is called cash discount. cash
dicount is recoreded in the books of Accounts

TRADE DISCOUNT: Amount(Discount) allowed or received at the
time of Purchase or Sales, its not recoreded in the books
of Accounts

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