Difference between revisions of "Sales Discounts"

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(Related coursework)
 
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[[Sales Discount account]] is a contra-revenue account that records cash discounts granted to customers for payments made within a specific period of time.
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[[Sales Discounts]] (alternatively known as [[Sales Discount]] or [[Sales Discount account]]) is a contra-revenue account that records cash discounts granted to customers for payments made within a specific period of time.
  
  
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*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
  
==Related coursework==
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==Related lectures==
 
*[[Principles of Accounting]].  
 
*[[Principles of Accounting]].  
  
[[Category: Accounting]][[Category: Articles]]
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[[Category: International Accounting]][[Category: Articles]]

Latest revision as of 23:58, 4 January 2019

Sales Discounts (alternatively known as Sales Discount or Sales Discount account) is a contra-revenue account that records cash discounts granted to customers for payments made within a specific period of time.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Sales Discount account. A contra-revenue account that records cash discounts granted to customers for payments made within a specific period of time.

Related concepts

Related lectures