The basic distinction between cash discount and trade discount is that while trade discount is
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- A For a period of 30 days, cash discount is for a period of 3 months
- B Given by a wholesaler, cash discount is given by a bank
- C A reduction in the catalogue pirce f an article, cash dis count is a reduction in the invoice value
- D A reduction in the value of sales, cash discount is a reduction in price of goods
Correct Answer: Option D
Explanation:
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