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What os difference between trade and …

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What os difference between trade and cash discount

Posted by Akash Magar 6 years, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Govind Jha 6 years, 8 months ago

Key Differences between
Trade Discount	Cash Discount
Trade discount is merely a device to determine the price.Sales are invoiced at the net price after deducting the trade discount	Cash discount is the deduction from the net Invoice price.
Trade discount is allowed by the wholesalers to the retailers to enable the retailer to sell the goods to the consumers at the list price and still leave a margin of profit.	But Cash Discount is allowed by a creditor to his debtor to induce him to make prompt payment.
Trade discount usually varies with the quantity of goods purchased.	While cash discount varies with the time within which the debt is paid.
Trade discount is not recorded in the books of account.	cash discount must be recorded in the books of accounts.

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