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Trade Discount

Forums › FIA Forums › FA2 Maintaining Financial Records Forums › Trade Discount

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Ken Garrett.
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  • May 12, 2021 at 8:19 pm #620445
    maximus07
    Participant
    • Topics: 446
    • Replies: 437
    • ☆☆☆☆

    Are trade discount on demand? I read before that these are not on demand but permanent for customers. But now I read that it is reduction in the amount of money demanded by customer. Can you help me sir?

    May 13, 2021 at 12:36 pm #620491
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10591
    • ☆☆☆☆☆

    They are negotiated. For example, based on the volume of goods expected to be bought or, perhaps, to win the business of a new customer who might be very valuable in the future.

    Different discounts will generally be agreed with different customers.

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