Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 4 - No. 10)
What kind of account is the trade discount applied to?
The original sales revenue account.
A separate discount expense account.
It does not get applied to any account.
It is applied to the selling price, therefore impacting the revenue.
Explanation
It is applied to the selling price, therefore impacting the revenue account.
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