What is the difference between a single trade discount and trade discount series? In: http://wiki.answers.com/Q/FAQ/2547-72 [Edit categories]
trade discount is for trade customer (who has an account with the supplier) discount allowed is for walk in customers (no account holders)
Describe the difference between a single trade discount versus and discount series and give an example
A trade discount occurs when an item is offered along with another item that is paid for. A cash discount is a reduction in the price of an item.
cash discount enable the buyer to pay promptly while trade discoint is a discount given to the buyer so that he can buy more goods
What is the difference between a single trade discount and trade discount series? In: http://wiki.answers.com/Q/FAQ/2547-72 [Edit categories]
trade discount is for trade customer (who has an account with the supplier) discount allowed is for walk in customers (no account holders)
Describe the difference between a single trade discount versus and discount series and give an example
The main difference between, cash discount is shows in account book but tradediscount does not show in account book.
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A trade discount occurs when an item is offered along with another item that is paid for. A cash discount is a reduction in the price of an item.
cash discount enable the buyer to pay promptly while trade discoint is a discount given to the buyer so that he can buy more goods
Cash discount is the discount in amount in accounts payable while trade discount is on sales price discount which is not recorded in business books and transaction is recorded at discount price.
A single trade discount is one discount like 30% where as a series discount is more then one like 20/10/5 but can not be added together, have to be discounted seperately.
a cash is an amount deducted from the value of an item at time of purchase, while a trade discount is the deducted from purchase amount for an item of placed value surrendered at time of purchase.
Single trade discount is the discount you would get when you buy 1 of the item. ex. Chips discount 99 cents. Series discount is something that you would have to buy more then 1 of the item to get the discount. ex. Peanuts, 1 for 60 cents, 2 for dollar.
quantity discount and trade discount are the same thing. it is used when the dealer wants to sell in bulk. while cash discount is given when he wants prompt payment.