- This topic has 2 replies, 2 voices, and was last updated 3 months ago by
.
Viewing 3 posts - 1 through 3 (of 3 total)
- Posts
Good day!
Trade discounts are affecting the gross profit. But settlement discounts are shown below the gross profit and so is not used to arrive at the gross profit.
Is that correct?
If so, when the term discounts received are written, does that mean settlement discounts?
For the first part of your question. You are correct. I would think the second part is also correct unless further information or context contradicts the assumption.
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.