provision for discount received
Cash discount is the discount in amount in accounts payable while trade discount is on sales price discount which is not recorded in business books and transaction is recorded at discount price.
Price paid after the discount is subtracted is called the discount price. This is also commonly referred to as the net price.
a single trade discount is just that one trade discount.
A 50% discount is half off, and a 33.33% discount is one third off.
MT760 is a Stand By Letter of Credit or SBLC. This form is the United States version of the Bank Guarantee.
SBLC stands for stand by letter of credit. An SBLC is usually issued when a financial bank guarantees a payment to their client.
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it all depends on Bank agreement and on BG or SBLC conditions.
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discount allowed means the discount which is given by a seller to the buyer. and discount received means the discount received by the seller for purchases made
Discount allowed is that amount which is given by our company to others while discount received is that amount which is received by our company from others.while discount allowedDebit discount allowedCredit cashwhile discount receivedDebit cashCredit discount received
provision for discount received
One can get some form of discount from a property company. The discount may come in the form of dinning discount, restaurant discount, auto insurance discount, etc.
when debentures are issued at discount, it is prudent to write off the discount