Question

how do you calculate discount in income statement and where it is recorded in income statement??​

Answer 1

Answer:

The greater the discount you offer, the more inclined your customers are to pay your invoice early. For example, you send your customer a $10,000 invoice. You give him a 2 percent discount if he pays within ten days. Calculate his discount by multiplying $10,000 by 2 percent, which is $200.

Explanation:

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