The cash discount is regarded as a purchases discount for the buyer.
举一反三
- When a customer purchases merchandise inventory from a business organization, he may be given a discount, which is designed to induce prompt payment. Such a discount is called the . ( ) A: trade discount B: nominal discount C: enhancement discount D: cash discount
- Discount for cash
- A cash discount is best described as a reduction in the sum to be paid A: If payment is made within a previously agreed period B: If payment is made by cash, not cheque C: If payment is made either by cash or cheque D: If purchases are made for cash, not on credit
- "We allow you a 2% discount for cash payment " is better written than "You earn a 2% discount when you pay in cash".
- A sales discount is: A: A reduction in price below the list price. B: Recorded as a credit of inventory account. C: Offered to the buyer for keeping damaged goods. D: Offered to encourage early payment from the buyer.