What is trade discount and cash discount journal entry?

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WHY trade discounts not recorded in the books of account?
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ANOOP NIRAVAMKUNNATH SEKHARAN
28-April-2015

Trading Journal Entries

Question added by Santosh Sharma
Date Posted: 2016/04/27

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by Deleted user

TRADE DISCOUNT NOT RECORD THE BOOKS BUT CASH DISCOUNT RECORDING THE BOOK OF ACCOUNTS

JV IS

TRADE DISCOUNT

PUR.GOODS.DR

SUPPLIER CR

CASH DISCOUNT

PUR.GOODS.DR

SPPLIER.CR

DIS RECD.CR

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