Most tire dealers offer the best sales at the year end, usually after the holidays. You might also find sales around Memorial Day when people are preparing their vehicles for summer travel. Call around you area to the larger tire dealers and ask when the next big sale is. Often, they'll be happy to tell you.
The discount is 75.1%
38.08
Discount a/c Dr 20 Raman Industries Dr 80 To Sales 100 (Sales book & discount given )
It is called a discount, and is normally a percentage of the regular sales price.
It is called a discount, and is normally a percentage of the regular sales price.
I think the discount comes first and then the sales tax.
Sales price = 80% of regular priceso, 80/100*regular price = 239.20on solving we get regular price = 299
Debit accounts receivableCredit sales revenue
Cash discounts are received on cash sales. The seller or provider often refers to the cash discount as a sales discount.
A sales discount account is a contra-revenue account.
Sales discount is the reduction in price of value of sales to customer for promotional purposes.
Yes, sales discount is the reduction in value of sales that's why shows as deductions from sales revenue.