Accountancy, asked by abhishekagnihotri652, 10 months ago

The term use fir the discount offer by sellers to encourage prompt payment is known as

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Answered by mysoresudhirkumar53
1

Answer:

The discount offered by a seller to encourage early payment by a buyer, to the seller is known as 'Sales Discount "and to the buyer it is referred as "Purchase Discount."

I hope this helps you.

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