Trade Discount is a reduction granted by a supplier from the list price of goods/ m services on business considerations for prompt payment. [Nov. 2019, 2 Marks]
Options
A
B
C
D
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Accounting ProcessQuestion 4667 of 84
All Questions Correct Answer
✅ Option — Correct Option
All Options:
- A
- B
- C
- D
Detailed Solution & Explanation
False: Trade discount is a reduction granted by a supplier from the list price of goods or
services on business considerations for increasing the sales of the business or as trade
practice other than for prompt payment.
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