Question: The terms discount and discounting are used repeatedly in accounting

The terms discount and discounting are used repeatedly in accounting. For example, it is common to see references to “a sales discount of 2 percent,” “discounting our note at the bank,” “discounting a customer’s note at the bank,” and “trade discount.” Explain how discounting is similar in these cases and how these situations differ.



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  • CreatedOctober 21, 2014
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