What is the definition of Trade Discount?
Trade Discount
GANESH PUNEKAR (Finance Officer) (62 Points)
12 February 2009
3 Replies
CA SUDIPTA SINHA
(Commerce Coaching- Accounts Cost FM)
(735 Points)
Replied 13 February 2009
trade discount is a discount which is given at the time of selling the goods. it is not accounted for in the books of accounts. just the selling price is reduced by the trade discount and the purchase as well as sell is recorded at that reduced price.
Recent Topics
- When to register as a representative assessee?
- LTCG immovable property sale
- Ewaybill generation for Return of Goods From Exhib
- A foreign entity engages some persons for doing th
- Property late registration selling now
- REQUIRED DELHI BASED LOGISTICS COMPANY 2 YRS OLD
- Rebate under 87A - STCG right to property
- GST RFD-01
- Profit & Loss Statement Analysis: Gross Profit
- Response to defective return notice in case of 139
Related Threads
CAclubindia
