The basic distinction between cash discount and trade discount is that while trade discount is

The basic distinction between cash discount and trade discount is that while trade discount is
  • 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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