what is cash discount?
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Answer / g.siva nageswara rao
It is allowed by the creditors to the debtor an incetives
to thelater to make earlypayment.
| Is This Answer Correct ? | 15 Yes | 0 No |
Answer / pradeep
cash discount is an discount given by the suppliers to the purchaser,when purchaser have ready to pay full amount of credit purchase money at single time.
e.g:- a purchaser have to pay 1000 Rs to his supplier with in 1 month(1-01-2000 to 31-01-2000). but purchaser ready to pay that amount in 15-01-2000.so because of his early payment supplier his ready to give cash discount of 100 Rs to purchaser.
Journal entry:
Supplier a/c Dr 900
Cash discount a/c Dr 100
To cash a/c 1000
| Is This Answer Correct ? | 10 Yes | 5 No |
Answer / kalloo lal
cash lene p jo discount mil jaye wo hi cash discount hot
hai bhai sahab.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / g.sivakumar
in some times we are giving some cash back on sales that is
called as cash discount.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / s v sudhakar
A cash discount is a deduction allowed by the seller of goods or by the provider of services in order to motivate the customer to pay within a specified time. The seller or provider often refers to the cash discount as a sales discount. The buyer often refers to the same discount as a purchase discount.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / guest
if any company sales to goods to customer. if customer pay
at a time the company gives cash discount
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / vishnu gopal kharche
The cash discount get from shopkeeper to parchaser when the
purchaser buy things by cash against cash memo & not
against credit bill.This policy maintain by shopkeeper for
increase the sale.
| Is This Answer Correct ? | 0 Yes | 2 No |
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