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Sales Discount is given if the customer/client pays within a specified time. Example: if you pay your bill in the first 15 days you will receive a 1% discount, the full amount must be paid within 30 days. Terms: 1/15 n/30 Sales Allowanceis given if there is something wrong with the merchandise, or to show customer that you value their business. They both effect the net sales. Sales Discount is a contra Revenue account Subtracted from Sales Returns /Allowance to arrive at Net Sales. for more info feel free to contact me: Marcia Reidaxumaccounting@rogers.com 416-904-1714
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∙ 15y ago
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What is the difference between a discount sales tax and a tip in relation to the total cost?
A discount is money off a product, a sales tax is money added to the price of a product, and a tip is money given to someone fr good service.
'What is the difference between sales forecast and sales quota?
what is sales forecast
If you have a discount-- does sales tax come after or before discount?
I think the discount comes first and then the sales tax.
Is Cash Discount received on cash sales?
Cash discounts are received on cash sales. The seller or provider often refers to the cash discount as a sales discount.
The difference between revenue from sales and cost of goods sold?
Difference between revenue from sales and cost of goods sold is called "Gross profit".
Bring out the difference between trade discount and cash dicount?
Cash discount is the discount in amount in accounts payable while trade discount is on sales price discount which is not recorded in business books and transaction is recorded at discount price.
What is the difference between a discount sales tax and a tip in relation to the total cost?
A discount is money off a product, a sales tax is money added to the price of a product, and a tip is money given to someone fr good service.
What is the difference between the sales objectives and communication objectives?
difference between sales objectives and commuicatio objectives?
'What is the difference between sales forecast and sales quota?
what is sales forecast
What is the sales entry in Sales discount?
Discount a/c Dr 20 Raman Industries Dr 80 To Sales 100 (Sales book & discount given )
What is the difference between sales executive and sales officer?
The difference between a sales executive and sales officer will depend upon the company. Most times, a sales executive will have a higher position than a sales officer.
What is the difference between a sales man and a sales woman?
boobs
If you have a discount-- does sales tax come after or before discount?
I think the discount comes first and then the sales tax.
What is the journal entry for credit sales with discount?
Debit accounts receivableCredit sales revenue
The difference between revenue from sales and cost of goods sold?
Difference between revenue from sales and cost of goods sold is called "Gross profit".
What are the difference between a sales representative and a sales executivein Singapore market are there the same job responsibilities?
no difference
Is Cash Discount received on cash sales?
Cash discounts are received on cash sales. The seller or provider often refers to the cash discount as a sales discount.
