The basic distinction between cash discount and trade discount is that while trade discount is

A. for a period of 30 days, cash discount is for a period of 3 months
B. given by a wholesaler, cash discount is given by a bank
C. a reduction in the catalogue pirce f an article, cash dis count is a reduction in the invoice value
D. a reduction in the value of sales, cash discount is a reduction in price of goods  

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Correct Answer: D