Question:
What is a trade discount?
Author: Christy B.Answer:
A reduction in the amount required from a customer.
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3 answer(s) in total
Other viable answers (Added by users whilst learning):
The amount is deducted from the original sales price, when recording the purchase.
The discount is deducted at the point of sale, that is, the net amount is recorded in the accounts.
Author
Christy B.