Asked by
Ocean Pangan
on Nov 12, 2024
Verified
A sales discount encourages customers to pay accounts more quickly than if a discount were not available.
Sales Discount
A reduction from the usual cost of a product or service offered to customers to encourage prompt payment or increase sales.
Customers Pay
refers to the transactions where customers remit payment for goods or services received from a business.
- Become familiar with the range of terms used to describe inventory and sales, and recognize their importance within accounting.
Verified Answer
LC
Learning Objectives
- Become familiar with the range of terms used to describe inventory and sales, and recognize their importance within accounting.
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