The discount calculated on list price of goods is called ...

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General Accounting Principles Accounting cycles Add to Study Deck

The discount calculated on list price of goods is called

Cash Discount

Rebate

Trade Discount

None of these

Explanation:

The amount which is deducted from the price list of the goods sold is called a trade discount. The seller fixes up invoice price or sale price deducting trade discount from the listed price

By: Munesh Kumari

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