The discount allowed by the wholesaler to the retailer on the immediate payment of cash ........

General Accounting Principles Accounting cycles

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The discount allowed by the wholesaler to the retailer on the immediate payment of cash

Trade Discount

Cash Discount

Discount Allowed

Discount Received

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Explanation:

Cash discounts refer to an incentive that a seller offers to a buyer in return for paying a bill before the scheduled due date. In a cash discount, the seller will usually reduce the amount that the buyer owes by either a small percentage or a set dollar amount.

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