is an allowance or deduction made from the invoice price of goods sold ........

General Accounting Principles Accounting cycles

......................is an allowance or deduction made from the invoice price of goods sold.

trade discount

cash discount

commission

none of these

Discount is the deduction in the price of the goods sold. It is offered in two ways. Offering deduction of agreed percentage of list price at the time of selling goods is one way of giving discount. Such discount is called as "Trade Discount".

Submit Error