0
Sales Discount is given if the customer/client pays within a specified time. Example: if you pay your bill in the first 15 days you will receive a 1% discount, the full amount must be paid within 30 days. Terms: 1/15 n/30 Sales Allowanceis given if there is something wrong with the merchandise, or to show customer that you value their business. They both effect the net sales. Sales Discount is a contra Revenue account Subtracted from Sales Returns /Allowance to arrive at Net Sales. for more info feel free to contact me: Marcia Reidaxumaccounting@rogers.com 416-904-1714
What else can I help you with?
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.
What is an accepted type of discount or allowance?
An accepted type of discount or allowance is a trade discount, which is a reduction in the list price offered by suppliers to retailers or wholesalers. This discount incentivizes bulk purchases and encourages retailers to carry a supplier's products. Another common type is a cash discount, which is offered to customers for prompt payment, helping businesses improve cash flow. Both types of discounts are widely used in various industries to stimulate sales and foster customer loyalty.
'What is the difference between sales forecast and sales quota?
what is sales forecast
If you have a discount-- does sales tax come after or before discount?
I think the discount comes first and then the sales tax.
The difference between revenue from sales and cost of goods sold?
Difference between revenue from sales and cost of goods sold is called "Gross profit".
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.
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.
What is the difference between a sales discount and a purchase discount?
A sales discount is a reduction in the selling price offered by a seller to encourage customers to buy or to incentivize early payment. In contrast, a purchase discount is a reduction in the cost of goods that a buyer receives from a supplier, often for paying early or buying in bulk. Essentially, the sales discount benefits the buyer, while the purchase discount benefits the seller. Both discounts aim to facilitate transactions but from opposite perspectives in the sales process.
What is the difference between the sales objectives and communication objectives?
difference between sales objectives and commuicatio objectives?
What is an accepted type of discount or allowance?
An accepted type of discount or allowance is a trade discount, which is a reduction in the list price offered by suppliers to retailers or wholesalers. This discount incentivizes bulk purchases and encourages retailers to carry a supplier's products. Another common type is a cash discount, which is offered to customers for prompt payment, helping businesses improve cash flow. Both types of discounts are widely used in various industries to stimulate sales and foster customer loyalty.
'What is the difference between sales forecast and sales quota?
what is sales forecast
What is the difference between sales executive and sales officer?
The difference between a sales executive and sales officer will depend upon the company. Most times, a sales executive will have a higher position than a sales officer.
What is the sales entry in Sales discount?
Discount a/c Dr 20 Raman Industries Dr 80 To Sales 100 (Sales book & discount given )
What is the difference between a sales man and a sales woman?
boobs
If you have a discount-- does sales tax come after or before discount?
I think the discount comes first and then the sales tax.
The difference between revenue from sales and cost of goods sold?
Difference between revenue from sales and cost of goods sold is called "Gross profit".
When you give someone discount do you put it in the Debtor Journal or Debtor allowance journal?
When you give someone a discount, it is typically recorded in the Debtor Allowance Journal. This journal specifically tracks allowances and discounts granted to debtors, reflecting adjustments to accounts receivable. The Debtor Journal, on the other hand, generally records standard transactions involving sales and payments without adjustments.
