A trade discount is a price reduction offered by sellers to buyers, usually wholesalers or repeat customers, for bulk purchases or long-term business relationships. It is deducted before recording the transaction in the books, meaning only the net sale value is entered in accounting records.
A trust account is a special bank account where funds are held by one party for the benefit of another.…
Transfer pricing is the method used to determine prices for goods, services, or intellectual property exchanged between related entities within…
Trade receivables are the amounts customers owe to a company for goods or services sold on credit. They are recorded…
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