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Which of the following will not be recorded in the cash book
Purchase of goods for cash
Cash discount given
Trade discount availed
None of the above
Trade Discount is allowed as a general discount to all the customers to promote the sales. Trade discount is allowed on the list price and sales is done on the basis of net price i.e. list price minus trade discount. Hence, trade discount is not recorded in books of account. Since , it is not even recorded in books of accounts so it is not recorded in the cash book as well
By: NIHARIKA WALIA ProfileResourcesReport error
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