Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 23 - No. 39)
What is a common method of showing trade discounts on an invoice?
By listing both the gross price and the discounted price.
By listing the discounted price only.
By adding the discount to the final price.
Trade discounts are not typically shown on invoices.
Explanation
Invoices commonly show the list price, discount, and net price to the buyer.
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