Purchase discounts are given to the buyer from the supplier for early payment on account.

Name: Purchase discounts are given to the buyer from the supplier for early payment on account.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Purchase discounts are a common practice in business where a supplier offers discounts to the buyer for early payment on account. This is a win-win situation for both parties as the supplier is able to receive payment sooner and the buyer is able to save money on their purchase.

Purchase Discounts Are Given to the Buyer from the Supplier