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  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.
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    Posts
  • September 6, 2020 at 5:34 pm #583709
    james8500
    Participant
    • Topics: 68
    • Replies: 17
    • ☆☆

    Calculating change in payables if supplier is offering a discount for a tigher credit policy (30 days from 90 days).

    Is cost of discount factored in when calculating the new payables figure?

    Thanks

    September 7, 2020 at 9:34 am #583743
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54835
    • ☆☆☆☆☆

    As I state in my free lectures on this, the examiner has been inconsistent in his answers. Sometimes he factors it in and sometimes he does not, but he has said that he accepts either.

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