Question 1 why do companies offer a cash discount2 how does, Ask an Expert

Accounting

Question: 1. Why do companies offer a cash discount?

2. How does a company that uses a perpetual inventory system determine the amount of inventory shrinkage?

3. Distinguish between cash discounts and trade discounts.

4. Is the amount of a trade discount on purchased merchandise recorded in the accounts?

5. What is the difference between a sales discount and a purchase discount?

6. Why would a company's manager be concerned about the quantity of its purchase returns if its suppliers allow unlimited returns?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92341674

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