OpenTuition | ACCA | CIMA
Free ACCA and CIMA on line courses | Free ACCA, CIMA, FIA Notes, Lectures, Tests and Forums
Spread the word
If you have benefited from our materials, please spread the word so more students can benefit.
To help us keep materials up to do and add new content you can also donate
April 18, 2020 at 4:16 pm
Hi John, Thank you. Is prompt payment discount the same as what we learnt in previous chapters as cash discount? Would it be different if in example 2 it is not mentioned “customer is expected to take discount”. It is a bit confusing since we don’t record trade discount and what you have illustrated in example 2 is somewhat similar to trade discount wherein we aren’t recording it initially.
You must be logged in to post a comment.