Buyers and sellers do not normally record the list prices of merchandise and the trade discounts in accounts.

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William Early · Accepted Answer

Final Answer : True, Explanation :  List prices and trade discounts are typically used for negotiating the final price of merchandise in a transaction, but they are not recorded as separate line items in accounting records. The actual price paid for the merchandise, which takes into account any discounts or markups, is what is recorded in the accounts.

Buyers and sellers do not normally record the list prices of merchandise and the trade discounts in accounts.

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