Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 4 - No. 40)
Which of the following are characteristics of a trade discount?
They reduce the list price to a final sale price.
They are available to all customers regardless of how many goods they purchased.
They are often given to loyal customers.
They do not appear in the financial records
Explanation
Trade discounts reduce the price to a final sale price, often to loyal customers. They do not appear in financial records.
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