A

Admin • 833.24K Points
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Q. Trade discount is:

  • (A) Recorded in books
  • (B) Not recorded in books
  • (C) Recorded as income
  • (D) Recorded as expense
  • Correct Answer - Option(B)
  • Views: 16
  • Filed under category Accounting
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Explanation by: Admin

Trade discount is not recorded in books; only net amount is recorded.

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