0
Discount is negtive for the consumer (i.e for the consumer a discount is the price minus a small part of it. But a discount is considered a "good thing" by the consumer rather than a "bad thing" in the negative sense)
For the producer selling the good, a discount is a loss, so it should be "added to their losses".
Still curious? Ask our experts.
Chat with our AI personalities
Fran
Professor
JudyAdd your answer:
Earn +20 pts
Provision for discount allowed and discount received?
provision for discount received
Bring out the difference between trade discount and cash dicount?
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?
Price paid after the discount is subtracted is called the discount price. This is also commonly referred to as the net price.
What is a single trade discount?
a single trade discount is just that one trade discount.
What does single discount equivalent to a series discount of 1020 mean?
Single trade discount versus discount series what kind of example for one or the other
