Asked by
Martha Guzmán Perez
on Nov 12, 2024
Verified
A deduction allowed to wholesalers and retailers from the price of merchandise listed in catalogs is called a cash discount.
Cash Discount
A reduction in the invoice price offered to buyers as an incentive for early payment.
Wholesalers
Companies that sell merchandise to other businesses rather than to the public.
- Comprehend the various terminologies associated with inventory and sales and their significance in accounting practices.
Verified Answer
MA
Learning Objectives
- Comprehend the various terminologies associated with inventory and sales and their significance in accounting practices.