Therefore, with the increase in the volume of purchases, the rate of discount also increases in general. A trade discount is a reduction in the listed price of a product or service, offered by the seller to the buyer. It is commonly used in business-to-business (B2B) transactions as an incentive […]
Daily Archives: July 3, 2024
Discounts reduce the asking price of a particular product or service. Purchases in the books of the buyer https://www.bookstime.com/articles/quickbooks-self-employed is also recorded at net of the trade discount. Trade discount is provided before the seller records revenue and accounts receivable, so it does not impact the accounting transaction. We simply […]