Which of the following refers to the cash discount granted by suppliers in return for prompt payments by buyers?

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Purchases Discount refers to the cash discount granted by suppliers in return for prompt payments by buyers. Trade Discount refers to the discount given by suppliers to bulk buyers as a deduction from the list price, regardless of the payment terms. Prompt Payment Discount and Scheduled Discount are not commonly used terms in accounting and finance.

Which of the Following Refers to the Cash Discount Granted