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What is trade discount ??

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What is trade discount ??

Posted by Vijeta Bhati 5 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 5 years, 2 months ago

Trade discount is referred to as the discount that is offered by a seller to the buyer of the product in the form of reduction in the price of the item.

Trade discounts are offered to increase the sales of the product and make the customers feel that they are getting the best offer. No accounts are maintained for keeping track of the discounts that are offered.

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