Asked by Erica Doherty on Jun 12, 2024
Verified
Early payment discount offered to customers by the seller.
A)Freight
B)Delivery Expense
C)Inventory
D)Sales discount
E)Purchases Returns and Allowances
F)Debit memo
G)Purchases discount
H)Trade discount
Early Payment Discount
An incentive offered by sellers to buyers for paying their invoices before the due date, typically to accelerate cash flows.
- Understand the range of discounts and allowances in the field of merchandising accounting.
Verified Answer
TA
Learning Objectives
- Understand the range of discounts and allowances in the field of merchandising accounting.
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