ACCOUNTING I Dersi Receivables soru detayı:
SORU:
How would you define cash discounts?
CEVAP:
Cash discounts are intended to encourage the customer to make their payment earlier. 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.