Discount trading.
While posting a journal entry for discount allowed “Discount Allowed Account” is debited. Discount allowed acts as an additional expense for the business and it is shown on the debit side of a profit and loss account. Trade discount is not shown in the main financial statements, however, cash discount and other types of discounts are ...
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What is a Trade Discount? Home › Economics›Macroeconomics›What is a Trade Discount? Definition: A trade discount is the reduction in price a manufacturer or ...
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December 1, 2023 at 12:00 AM PST. Listen. 1:31. The Federal Reserve ’s top bank watchdog wants lenders to be more comfortable turning to the central bank’s discount …
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