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Q: What is the difference between a sales discount and a purchase discount?
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What is difference between sales book and purchase book?

A sales book is for recording sales (money you receive) a purchase book is for recording your purchases (money you pay).


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.


Is Purchase Discount revenue or expense?

Sales discount is not an expense account, but is also a deduction to an income statement. It is just a contra account of a revenue account particularly a sales revenue account.


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.


If you purchase a new vehicle and trade one in is the 6 Pennsylvania sales tax calculated on the full purchase price or with the trade in amount deducted?

Sales tax in Pennsylvania is calculated on the difference between the sales price of the car and the trade-in amount. This is usually called the "money difference"


How are Kohls printable discount codes redeemed?

Kohls printable discount codes can be redeemed in person at the store when you make your purchase. After the sales person has rung up your purchase you will give her the coupon.


If a corporation sells certain capital equipment for more than their initial purchase price the difference between the sales price and the purchase price is called a?

A profit.


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Looking for discount running shorts?

If you are looking for a discount on a pair of running shorts, then you could purchase it from Sports Direct where they regularly have sales and discounts on their products.


What is the difference between a purchase on account and a sale on account?

Purchase on account means purchases from vendors on credit while sales on account means selling to customers on credit.