Question

What is Cash Discount​

Answer 1

Answer:

Cash discounts refer to an incentive that a seller offers to a buyer in return for paying a bill before the scheduled due date. In a cash discount, the seller will usually reduce the amount that the buyer owes by either a small percentage or a set dollar amount.

Answer 2

Answer:

A cash discount is a deduction allowed by some sellers of goods or by some providers of services in order to motivate customers to pay within a specified time. The cash discount is also referred to as an early payment discount.

The sellers and providers offering a cash discount will refer to it as a sales discount, while the buyer will refer to the same discount as a purchase discount.

Hope I helped.