Trade discounts must be paid within the cash discount period.

Name: Trade discounts must be paid within the cash discount period.
Brand: Quizplus
Rating: 4.7 (56 reviews)

Question

Quizplus · Accepted Answer

Trade discounts are deducted from the list price of a product to arrive at the net price. They are not related to payment terms and do not have a specific payment deadline. Cash discounts, on the other hand, are offered to encourage early payment and must be paid within the specified cash discount period.

Trade Discounts Must Be Paid Within the Cash Discount Period