A cash discount is a reduction from the gross amount of the invoice if payment is made within the discount period.

Name: A cash discount is a reduction from the gross amount of the invoice if payment is made within the discount period.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A cash discount is indeed a reduction from the gross amount of the invoice if payment is made within the discount period. This encourages prompt payment and helps businesses manage their cash flow.

A Cash Discount Is a Reduction from the Gross Amount