Cynthialee45
May 27, 2007, 05:38 PM
If a company offers a 10% promotional discount, is this taken off the price of the goods before they are billed? Or would the invoice be at full price, with the deduction taken at the time of payment?
Also, if the invoice is paid within 2%10 net 30 terms, could the 2%discount also be taken?
I am doing a practice set and my A/R does not foot out to the subsidiary ledgers. This is the only one I think I may have done wrong.
Any help is genuinely appreciated.:)
Also, if the invoice is paid within 2%10 net 30 terms, could the 2%discount also be taken?
I am doing a practice set and my A/R does not foot out to the subsidiary ledgers. This is the only one I think I may have done wrong.
Any help is genuinely appreciated.:)