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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.
How do you find out discount price on any commodity?
To find the discount price on a commodity, first determine the original price and the discount percentage. Multiply the original price by the discount percentage (expressed as a decimal) to find the discount amount. Subtract this discount amount from the original price to obtain the discount price. For example, if an item costs $100 and has a 20% discount, the discount amount is $20, making the final price $80.
What is it called when merchandise does not pass inspection and is sold at a discount?
Merchandise that does not pass inspection and is sold at a discount is often referred to as "blemished," "imperfect," or "irregular" goods. These items may have minor defects or cosmetic flaws but are still functional. They are typically sold at a reduced price to clear inventory or appeal to cost-conscious consumers.
What is the difference between discount allowed and discount received?
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
What is the difference between discount allowed and discount received and their accounting treatment?
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 allowed and discount received?
provision for discount received
What kind of discount can one get from a property company?
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
When debentures are issued at a discount it is prudent to write off the discount?
when debentures are issued at discount, it is prudent to write off the discount
What is Kohl's employee discount?
The discount is the basic discount available to the general customers.
What is the opposite of dysfunctional?
Functional.
Define quantity discount trade discount and cash discount and explain the importance of discount for the business in terms of marketing?
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?
What are discount housing
What is a 5 discount?
$5 discount
