Purchase discounts are the same as trade discounts true or false

Question

Olive Petersen

Business

4 May, 05:55

Purchase discounts are the same as trade discounts true or false

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Robert Spence · Answer 1

That statement is false.

They are different. Purchase discounts are given by the sellers to the buyers in order to reduce the amount that the buyers have to pay if they complete the payment within a specific period of time. Trade discount on the other hand, is given by manufacturers to the sellers or re-sellers.