SALES DISCOUNTS means a discount of Line Function Service Charges made from time to time by the Distributor, to persons connected to the Distribution Network, as referred to and provided for in clause 14; Sample 1Sample 2Sample 3 Based on 3 documents SaveCopy ...
Definition:A sales discount is a cash discount that manufacturers often give retailers for paying off accounts during the discount period. A sales discount is useful for both the retailer and the manufacturer. The retailer can pay less for its inventory while the manufacturer can receive its cash...
2.An offer or arrangement in which goods are sold at a discount:The store has a sale on winter coats. 3.sales a.The business or activity of selling goods or services:She works in sales. b.The number of items sold or the amount of money received for a number of items sold:Sales are...
Dr. Sales Discount xx.xx Cr. Accounts Receivable xx.xxBecause of the discount, the amount collected (Cash) is less than the amount due (Accounts Receivable). The debit made to "Sales Discount" would make the debits and credits equal.Example...
The meaning of DISCOUNT is a reduction made from the gross amount or value of something. How to use discount in a sentence.
The meaning of DISCOUNT is a reduction made from the gross amount or value of something. How to use discount in a sentence.
Definition: Discount implies a concession or deduction allowed at aspecified ratefrom the price of the goods given by the seller to the buyer or by the creditor to the debtor. It is given to lure customers and promote sales. The amount of discount must be received or paid with regard to ...
Net sales is a company’s gross sales of products minus any sales discounts and sales returns and allowances. When a company makes a sale, the general ledger account Sales is credited and the Sales account will have a credit balance. If a company grants an early payment discount, the amoun...
Customers also seemingly opted for the German discount chain while they were looking to save money on alcoholic drinks, as champagne sales rose by a quarter. FromBBC One strategy used by retailers to boost sales of imperfect food is price discounts. ...
Sales discounts appear as a reduction in the price for a particular product. It is offered to the purchaser if they are able to pay off their credit purchases in a given period. An example of a sales discount is when a buyer is entitled to a 1% discount in exchange for paying within...