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The trade discount on purchases is recorded

This question belongs to Commerce Accounting
Accounting
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The trade discount on purchases is recorded

Answer & Solution
Correct Answer: Option D
The trade discount on purchases are not all recorded in the books. Trade discount is not separately shown in the books of accounts, and all amounts recorded in a purchases or sales book are done in the net amount only.
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Yashoda Bharti
Yashoda Bharti 7 years ago
Why trade discounts not separately shown in books of accounts??
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