0
What else can I help you with?
What type of an account is a purchase discount?
contra-expense It's an expense, not a contra expense. If you don't pay the bill within the discount period, and you had recorded the original purchase at net (Purchase price less the early pay discount) then you have more expense, not less, when you don't pay on time.
What type of an account is a purchase?
contra-expense It's an expense, not a contra expense. If you don't pay the bill within the discount period, and you had recorded the original purchase at net (Purchase price less the early pay discount) then you have more expense, not less, when you don't pay on time.
How much will you pay if you pay 20.01 and get 20 percent discount?
You will pay $16.01 after the discount.
How do you compute cash discount?
If the terms are 2/10 net 30, that means you receive a 2% discount if you pay the invoice within 10 days, otherwise, the total amount is due in thirty days. So if you pay early, multiply the invoice total by 2% (.02), that is the discount amount to be subtracted from the invoice total.
What is the best definition for early discounts?
The definition of an early discount is a lowered price on something as long as it was paid before a certain date. Most often used by company's as an incentive to get people to pay invoices early.
What is 7 percent discount on 120000?
The discount is 8,400 and you pay 111,600.
What is surcharge discount?
A surcharge discount is a pricing strategy where an additional fee (surcharge) is applied to a product or service but can be offset or reduced through a discount. This approach is often used to encourage certain behaviors, such as early payment or bulk purchases. For example, customers might face a surcharge for late payments but receive a discount if they pay early. This method can help manage cash flow while still incentivizing desired customer actions.
Is discount revenue from state sales tax early payment taxable?
Yes, you collected it and didn't have to pay it...in the old days, it was called comission on sales tax collections
What do you pay for goods marked 13.50 with a discount of 20 percent?
You pay $10.80
What is early discount?
Typically, an early discount is a reduced amount offered for paying before a certain date. For instance, if you owe $100 to Joe's Crab Shack, they may offer an early discount of $5 for paying before the 25th of the month, reducing your bill to $95.
Share discount is a fixed assets-?
A share discount is not a type of fixed asset, it is a type of net asset.
Discount received from the supplier or allowed to customer for making the early payment of due is termed as..?
Trade Discount
