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what is the difference beetwen trade discount and rebate &
discount
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- Chartered Accountant, Punjab and Sind Bank, I also Faced
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Answer Posted / sujata prabhakar
Trade Discount is the discount given to all customer in
normal course of business. it is the general practice
followed by the seller or manufacturer.
on the contrary rebate is concession given to buyer by
seller.
normal discount is the discount on total consideration to
be paid by buyer to seller based on fulfillment of
conditions of sale.
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