Page 73 - F3 -FA Integrated Workbook STUDENT 2018-19
P. 73

Returns, discounts and sales tax



               2.4  Settlement discount offered by supplier





                                                Early settlement discount
                                                     offered by supplier








                                         Pay early to                      Do not pay
                                              earn                        early to earn


                                           discount                          discount







                                   Dr Payable
                                     Cr Cash                               Dr Payable
                           Cr Discount received                              Cr Cash






































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