Accounting for IGCSE & O level - Accounting Procedures (Section 20 - No. 17)
What is the effect of a trade discount offered to a customer on the sales ledger?
It increases the balance.
It decreases the balance.
It has no impact on the balance.
It changes the total value
Explanation
The trade discount is subtracted when finding the customer's balance, therefore, it decreases their balance.
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