January 2023

Cash Discount,Discount Received and Discount Allowed

By |2022-09-15T12:39:54+02:00January 24th, 2023|Notes, Ordinary Level Notes, Principles of Accounts Notes|

Cash Discount. Image credit wiser.com Cash Discount. Image credit wiser.com ZIMSEC O Level Principles of Accounts 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 […]
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Cambrige Notes: Cash Discount,Discount Received and Discount Allowed

By |2022-09-15T12:31:11+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

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 […]
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Comments Off on Cambrige Notes: Cash Discount,Discount Received and Discount Allowed
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