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.
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.
举一反三
- The seller reduces the price by a certain percentage of the original price the for the buyer according to the original price, that’s to say to do proper favour in price on the buyer, the favour is ( ) A: commission B: discount C: advance payment D: deposit
- A trade discount is: A: A term used by a purchaser to describe a cash discount given to customers for prompt payment. B: A reduction in price below the list price. C: A term used by a seller to describe a cash discount granted to customers for prompt payment. D: A reduction in price for prompt payment. E: Also called a rebate.
- If you mistakenly registered under a buyer account, You are able to change the account from buyer to seller account.
- If a buyer takes advantage of a sales discount, the journal entry recorded by the seller will include a(n):
- Send the buyer your catalogue and price list ( ) (3分)