--%>
Assignment Help - homework help

Explain Discount

Briefly explain the term Discount and also describe their important types?

E

Expert

Verified

Discount is a method of rising the sale in which businessman decreases the price of goods and services that is paid by customer for buying the product. That decrease in price is termed as discount. It is just similar to the reward to customer to buy more. With this, business can promote their sales. There are lots of kinds of discount but two kinds are very important.

First is Trade discount that is provided on the list price. This is not recorded in the books of company.

Second is cash discount that is provided for getting cash rapidly from customers. This is recorded in the books of company by making discount permitted account.

   Related Questions in Financial Accounting

  • Q : Discrimination to women and minority

    Most of the organizations have established policies to remedy discrimination whenever hiring women and minorities. Discuss whether you feel that affirmative action programs, reverse discrimination, and criteria of comparable worth are suitable forms of remedy. You mus

    		•
  • Q : Advantages and disadvantages of FDI

    State advantages and disadvantages of FDI as opposed to the licensing agreement with the foreign partner?

    		•
  • Q : What is Market for foreign exchange

    Provide a complete definition of Market for foreign exchange.

    		•
  • Q : Components of social interaction

    Identify and explain important components of social interaction.

    		•
  • Q : Applications of Matlab in Embedded

    Do you face difficulty with embedded system problems using matlab? Do you require help in embedded system assignment and project? We have team of tutors who are highly qualified and practiced in embedded system using matlab. They have vast industrial knowledge of matlab. W

    		•
  • Q : Asian firms building the production

    Since NAFTA was developed, several Asian firms particularly those from the Korea and Japan has made the extensive investments in the Mexico. Why do you think these Asian firms decided to build the production facilities in the Mexico?

    		•
  • Q : Lessons from experiences of Novo State

    State some of the factors which motivated Novo Industries to seek the U.S. listing of its stock. Explain about the lessons which may be derived from experiences of Novo?

    		•
  • Q : Cause why relationships tend to come

    Identify and briefly explain the patterns in terms of how relationships tend to come apart (not together) or deteriorate. Use a real or hypothetical illustration to describe each of such phases.

    		•
  • Q : Define the term Accounts Receivable

    Accounts Receivable: The money owed by customers (that is, individuals or corporations) to other entity in exchange for services or goods that have been employed or delivered, however not yet paid for. Receivables generally come in the form of operati

    		•
  • Q : Portfolio of Sharemarket SHAREMARKET

     SHAREMARKET ASSIGNMENT SHEET  - Select a share portfolio consisting of one company from each group listed above. The total value of your portfolio should add up to