Asked by Angelina Herrera on May 06, 2024
Verified
Discount taken by the buyer for early payment of invoice.
A)Freight
B)Delivery Expense
C)Inventory
D)Sales discount
E)Purchases Returns and Allowances
F)Debit memo
G)Purchases discount
H)Trade discount
Purchases Discount
A reduction in price given by a seller to a buyer for paying an invoice within a specified time frame.
Early Payment
A payment made before its due date, often incentivized by discounts or to avoid interest charges.
- Familiarize yourself with the different discounts and allowances involved in merchandising accounting.
Verified Answer
MB
Learning Objectives
- Familiarize yourself with the different discounts and allowances involved in merchandising accounting.
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