When a company offers a reduced price to consumers who make payments on time.
Related information about sales discount:
- Accounting Principles I: 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 ...
- Sales Discount: Definition from Answers.com
Cash given by the seller to the purchaser for early payment of the account due. For example, assume that the credit terms of a sale are 1/10, net/30.
- What is the accounting for sales discounts? - Questions & Answers ...
Feb 27, 2011 ... A sales discount is a reduction in the price of a product or service that is offered ... An example of a sales discount is for the buyer to take a 1% ...
- Example of a Bookkeeping Entry When you Offer a Sales Discount ...
This is an example of how to handle a double-entry bookkeeping journal entry when selling a product or service for cash while offering a discount on the sale.
- What is sales discount? definition and meaning
Definition of sales discount: Cash incentive given to a customer which, unlike a rebate or refund, is deducted in advance of an invoice payment.
- Recording a Sales Discount in the General Ledger | Chron.com
We all look for discounts and sales, but the term "sales discounts" has a special meaning in accounting, and they impact the bottom line of the revenue figures for ...
- What Is the Difference Between Sales Discount & Sales Commission ...
The difference between a sales commission and a sales discount in stock trading comes down to who's turning a profit -- the investor or the broker. A sales ...
- QuickBooks Support - Apply a sales discount
Apply a sales discount. In QuickBooks, applying a discount at the time of sale is different from offering a discount to customers who pay early. If you occasionally ...