ACCOUNTING I Dersi Merchandising Operations soru detayı:
SORU:
What is the purchase discount?
CEVAP:
The purchase discount is credited to the Merchandise Inventory account because companies record inventory at cost and, by paying within the discount period, early payment decreases the actual cost paid for Merchandise Inventory. In this case, it will be enough to pay 2,104.90 TL to close the total debt, and the cost of inventory to the company will decrease by 65.10 TL.