trade discount is for trade customer (who has an account with the supplier)
discount allowed is for walk in customers (no account holders)
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What is the difference between a single trade discount and trade discount series? In: http://wiki.answers.com/Q/FAQ/2547-72 [Edit categories]
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
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.