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Which is not reflected in the accounting books.*a. Trade discountb. Sales returnc. Sales discountd. Purchase discount

Question

Which is not reflected in the accounting books.*a. Trade discountb. Sales returnc. Sales discountd. Purchase discount
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Solution 1

The option that is not reflected in the accounting books is a. Trade discount.

Here's why:

a. Trade discount: This is a reduction in the listed price of the goods and is not recorded in the accounting books. It is deducted right at the time of purchase and only the net amount is recorded.

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Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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