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POA S3 > Double-entry Recording > Flashcards

Double-entry Recording Flashcards

1
Q

What is a trade discount

A

-It is a reduction to the list price

-It is given to encourage bulk purchases

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2
Q

What is a cash discount

A

-It is a reduction to the invoice price which is the amount owed

-It is given to encourage customers to pay early, within a specified time

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POA S3 (10 decks)

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