Trade discount is provided by seller. Which of the following statements is true about it? (a) It

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Trade discount is provided by seller. Which of the following statements is true about it?

(a) It is not recorded in the books of accounts.

(b) It is given if payment is made in time.

(c) It is shown in the balance sheet.

(d) It is shown in the Profit and Loss a/c.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Dec 13, 2023 12:23 PM

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Trade discount is provided by seller. Which of the following statements is true about it? (a) It

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a It is not recorded in ...View the full answer

Financial Accounting

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