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Sales Discounts - credit terms which specify when the...

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Sales Discounts A sales discount  is an incentive the seller offers in exchange for prompt payment on credit sales.  Sales discounts are recorded in another centra-revenue account, enabling management to monitor  the effectiveness of the company's discount policy. Invoices generally include 
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Unformatted text preview: credit terms , which specify when the customer must pay and define the sales discount if one is available. For example, the credit terms on the invoice below are 2/10, n/30, which is read “two-ten, net thirty.”...
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