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What type of discount you get in case of early payment depends on the business and company you are dealing with. Get this discount agreement accepted by both parties before trading.
Wiki User
∙ 8y ago
Wiki User
∙ 8y agoAs this is not really a loan, there's no payment per month schedule. We get compensated only when you are getting compensated therefore there's no discount for early payment.
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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.
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 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.
What do you pay for goods marked 13.50 with a discount of 20 percent?
You pay $10.80
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
Walmart employee discount on iPad?
If you work at Walmart you can get a 20% discount on an iPad. If you do not work there you will have to pay full price.
