is trade discount recorded in cash book..??
Dear Student,
Trade Discount is not recorded anywhere in the books of accounts.
In Double Column Cash Book (Cash and Discount) and Triple column Cash Book, we record only the cash discount allowed at the time of receiving payment from debtors and cash discount received at the time of making payments to the creditors.
Hope this answers your query.
Keep posting for further doubts!!
Trade Discount is not recorded anywhere in the books of accounts.
In Double Column Cash Book (Cash and Discount) and Triple column Cash Book, we record only the cash discount allowed at the time of receiving payment from debtors and cash discount received at the time of making payments to the creditors.
Hope this answers your query.
Keep posting for further doubts!!