1
Q
Types of discount
A
Cash and trade discounts
2
Q
Why do businesses give trade discounts?
A
To encourage customers to buy in bulk. Not recorded in the ledgers
3
Q
Why do businesses give cash discounts?
A
To encourage customers to pay promptly. Recorded in the ledgers as discount allowed or discount received
4
Q
Why goods are returned?
A
The goods are damaged
POA theory
flashcards
Decks in class (9)
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