Results for: Discounts-and-allowances-1

When is discount allowed to debtors?

  Discount allowed for the early settlement of accounts - This discount is allowed to your debtors or customers at the time of the settlement of their account. You may ag (MORE)

Why are discounts allowed listed as a finance expense of the business?

a supplier offers a discount for prompt payment. this is considered  financing the customer the "discount amount" for the additional  days of the net due date when the custo (MORE)

Are Lebanese men allowed to have more than 1 wife?

Yes, Shia Muslims in Lebanon are allowed to have more than a wife. Polygamy is still practice in most countries in the Middle east, and quite common.
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What is the Difference between trading discount and discount allowed?

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 goo (MORE)

What is double entry treatment of DISCOUNT Allowed and Received?

Discount allowed: original entry made in the discount allowed column on the debit side of the cash book and at the end of the month debited(after balancing the cash book) in t (MORE)