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When is Discount given?

Updated: 9/14/2023
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13y ago

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which discount r u talking abt...

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13y ago
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Q: When is Discount given?
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Related questions

Meaning of simple discount?

It is discount given by the seller.


What is the difference between discount given and discount received?

nothing there the something ...


What is the discount when 10 percent is given on a cost price of 500?

discount =50


What is the difference between discount allowed and discount received?

discount allowed means the discount which is given by a seller to the buyer. and discount received means the discount received by the seller for purchases made


What exactly is a no claims discount?

A no claims discount is given by auto insurance companies. If a policy owner files no claims for usually 5 years, a discount is given towards the insurance premium.


What is cash discount?

A discount given to the buyer if he/she pays in cash rather than credit


What is the formulae of cp if profit and discount percent is given?

if profit , discount % and cost price is given write the formulae to fine cost price


What is the difference between discount allowed and discount received and their accounting treatment?

Discount allowed is that amount which is given by our company to others while discount received is that amount which is received by our company from others.while discount allowedDebit discount allowedCredit cashwhile discount receivedDebit cashCredit discount received


What is commercial discount?

A commercial discount refers to a discount given by businesses to other businesses. This usually involves contractual agreements that entail large purchases.


Define quantity discount trade discount and cash discount and explain the importance of discount for the business in terms of marketing?

quantity discount and trade discount are the same thing. it is used when the dealer wants to sell in bulk. while cash discount is given when he wants prompt payment.


What is called a discount given to encourage prompt payment?

Cash Discount: Reduction in price given by the creditor to the debtor is known as cash discount. This discount is intended to speed payment and thereby provide liquidity to the firm. They are sometimes used as a promotional device. we also explain that discount is relaxation in price. http://en.wikipedia.org/wiki/Discounts_and_allowances#Trade_discount


What is difference between cash discount and trade discount?

cash discount enable the buyer to pay promptly while trade discoint is a discount given to the buyer so that he can buy more goods