There will not be a general ledger account entitled Trade Discount. Related Questions What should be the entry when goods are purchased at a discount? What is a cash discount? What is an early payment discount? Where is the discount on the purchase of office furniture recorded? What ...
Definition of Cash Discount A cash discount is a deduction allowed by some sellers of goods or by some providers of services to motivate customers to pay within an earlier specified time. The cash discount is also referred to as an early payment discount. The sellers and providers offering a ...
Cash Discount Definition & Examples from Chapter 1 / Lesson 11 111K Learn what a cash discount is. See the differences between trade discount and cash discount. Find examples to understand the accounting treatment of a cash discount. Related...
A trade discount is a situation in which a price reduction is extended by a seller to a buyer in exchange for the buyer agreeing...
A business had a balance at the bank of 1,000 less trade discount of 20% and cash discount of 10%. It received a cheque from a customer in respect of an invoice for $200, subject to cash discount of 5%. What was the balance at the bank at the end of the
Cash Discount Definition & Examples from Chapter 1 / Lesson 11 109K Learn what a cash discount is. See the differences between trade discount and cash discount. Find examples to understand the accounting treatment of a cash discount. Related...
if the retailer is eligible for a cash discount of 5% for making prompt payment, then first of all trade discount will be deducted, thereafter a cash discount will be calculated on the net price, i.e. 3600. So the cash discount will be Rs. 180 and the net payment will be 3600 – ...
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关于Terms of sale and payment的问题请用英语简短做答 1,2句即可1.What are terms of sale?2.Why do business firms use credit,rather than cash,for many global trade transactions?3.What is a bill of lading?What functions does it perform?4.W
Discount Brokers: An Important Resource for Traders Discount brokerage firms charge significantly lowercommissionsper transaction but provide little or no financial advice. Individuals can’t trade directly on a stock or commodity exchange on their own account, so using a discount broker is a cost-eff...