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what is the difference between cash discount and trade
discount.
what is the journal entry for purchase of 100000 giving
(a) 5% trade discount
(b) 5% cash discount.
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Answer Posted / puja
cash discount is given to the debtor with the aim to get
payment fastly whereas trade discount is given with the aim
ot purchase at high quantity
| Is This Answer Correct ? | 8 Yes | 0 No |
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