Accountıng I Deneme Sınavı Sorusu #1313943
Which of the following is true for "cash discount"?
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Cash discounts are not reflected in the books of accounting. |
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Cash discounts are not recorded. |
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Cash discounts are not affected by the date of payment. |
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Cash discounts are intended to encourage the customer to make their payment earlier |
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Cash discounts reduce the final sales price |
Yanıt Açıklaması:
Companies often offer a cash discount to its customers if they agree to pay within a designated period. In other words, the opportunity to get a cash discount usually arises for a customer when a company either wants to encourage prompt payment or because of competitive reasons and also to increase the chances of collection. Cash discounts are intended to encourage
the customer to make their payment earlier.
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