Accounting-simplified.com

Accounting For Sales Discount

Discounts may be offered on sales of goods to attract buyers. Discounts may be classified into two types: Trade Discounts: offered at the time of purchase for example when goods are purchased in bulk or to retain loyal customers. Cash Discount: offered to customers as an incentive for timely payment of their liabilities in respect of credit purchases.

Actived: 7 days ago

URL: https://accounting-simplified.com/financial/sales/discount-allowed/

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