July 2018

Cambrige Notes: Cash Discount,Discount Received and Discount Allowed

By |2022-09-15T12:31:11+02:00July 25th, 2018|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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Cambrige Notes: Discount Allowed and Discount Received entries

By |2022-09-15T12:31:12+02:00July 25th, 2018|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 Allowed and Discount Received entries

  • Consider the following entries and enter them into the books of J Haudzwi

July 20×9
1 Started the business with $1000 Cash
3 Deposited $600 from the cash at hand into the bank
10 Bought goods on Credit from J Mafana for $360
15 Sold Goods […]


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March 2016

Discount Allowed and Discount Received entries

By |2022-09-15T12:39:53+02:00March 13th, 2016|Notes, Ordinary Level Notes, Principles of Accounts Notes|

Discount Entries. Image credit moneysavingexpert.com

Discount Entries. Image credit moneysavingexpert.com ZIMSEC O Level Principles of Accounts Notes: The Cash Book:Discount Allowed and Discount Received entries
  • Consider the following entries and enter them into the books of J Haudzwi

July 20×9
1 Started the business with $1000 Cash
3 Deposited $600 from the […]


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Cash Discount,Discount Received and Discount Allowed

By |2022-09-15T12:39:54+02:00March 13th, 2016|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 […]

    Quick NetOne, Econet, And Telecel Airtime Recharge

Comments Off on Cash Discount,Discount Received and Discount Allowed
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