Which of the following statements about trade discount are correct? 1. It is entered on the supplier’s account as a debit. 2. It is granted only when the invoice is settled within the time allowed by the supplier. 3. It appears on an invoice as a reduction from the price of the goods. 4. It is intended to encourage buying in large quantities.
- A1 and 2
- B1 and 3
- C2 and 4
- D3 and 4