Cambrige Notes: Cash Discount,Discount Received and Discount Allowed
Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: The Cash Book:Discount Received and Discount Allowed
- Businesses prefer it if their customers pay quickly
- Businesses may thus accept a sum slightly lower than the invoice amount in settlement of a debt if payment is made within a certain period
- This reduction is known as a cash discount
- Cash discount-an amount given in exchange and […]

An example of entries being made in a Purchases Day Book. Image credit 



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The world’s pressure belts and winds ZIMSEC O Level Geography Notes: Pressure
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