Search results
Results From The WOW.Com Content Network
2/10 net 30 - this means the buyer must pay within 30 days of the invoice date, but will receive a 2% discount if they pay within 10 days of the invoice date. 3/7 EOM - this means the buyer will receive a cash discount of 3% if the bill is paid within 7 days after the end of the month indicated on the invoice date.
Discount allowed is an expense as the discount allowed is the cost to the seller of obtaining an inflow of cash from a debtor weeks earlier than would be the case ...
Discount allowed Value Receipt analysis L/F Cash sales Received from debtors Income received Other 01.04.2017 657890 Cash sales 50,000 50000 02.04.2017 657891
sales discounts allowed are reduced payments from the customer based on invoice payment terms such as 2/10, n/30 (2% discount if paid within 10 days, net invoice total due in 30 days) interest received for amounts in arrears; inc/exc amounts capital goods&services, non-capital goods&services input valued added tax, with cost of non-capital ...
In finance, a purchase discount is an offer from the supplier to the purchaser, to reduce the payment amount if the payment is made within a certain period of time. For example, a purchaser bought a $100 item, with a purchase discount term 3/10, net 30. If he pays within 10 days, he will only need to pay $97.
You'll receive an email confirmation from AOL and LifeLock with log-in credentials for the company's website, which is where you go to complete activation. We understand that entering your personal data online can be scary, but AOL and LifeLock have teamed up to make it possible to protect your information.
If the party holding the acceptance sold the note before maturity, a discount value called the Banker's Discount was used to reduce the face value of the amount to be handed over to the claimant. Historically, the discount rate used by the Banks on such acceptances was FV × r × t (FV: Face Value, r: interest rate, t: time period).
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.