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Difference between trade and cash discount

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Difference between trade and cash discount

Posted by Sanyam Jain 5 years, 9 months ago

CBSE > Class 11 > Accountancy

1 answers

Swarup Mandal 5 years, 9 months ago

Trade discount is a discount which is provided by the seller to quickly sell their goods. And cash discount is a discount which is provided by seller when the customer is about to pay the money for the goods. Note: we don't have to record trade discount just calculate the sum and write it down but but in cash discount we have to record entries.

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