Q: What is a discount?

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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.

Related questions

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

when debentures are issued at discount, it is prudent to write off the discount

The discount is the basic discount available to the general customers.

quantity discount and trade discount are the same thing. it is used when the dealer wants to sell in bulk. while cash discount is given when he wants prompt payment.

What are discount housing

$5 discount

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.